*CASH DEAL - Excellent Opportunity - Built in 2000!*
Tennessee
3bd • 1ba • Built: 2000

Projected IncomeYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Projected Rent $11,052$11,384$11,725$12,077$12,439$12,812$13,197$13,593$14,000$14,420
Vacancy Losses ($884)($911)($938)($966)($995)($1,025)($1,056)($1,087)($1,120)($1,154)
Operating Income $10,168$10,473$10,787$11,111$11,444$11,787$12,141$12,505$12,880$13,267
Estimated ExpensesYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Property Taxes($1,049)($1,087)($1,128)($1,169)($1,213)($1,257)($1,304)($1,352)($1,402)($1,454)
Insurance($699)($725)($752)($779)($808)($838)($869)($901)($935)($969)
Management Fees$0$0$0$0$0$0$0$0$0$0
Leasing/Advertising Fees$0$0$0$0$0$0$0$0$0$0
Association Fees$0$0$0$0$0$0$0$0$0$0
Maintenance($553)($573)($594)($616)($639)($663)($687)($713)($739)($766)
Other$0$0$0$0$0$0$0$0$0$0
Operating Expenses ($2,300)($2,385)($2,473)($2,565)($2,660)($2,758)($2,860)($2,966)($3,076)($3,190)
Income AnalysisYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Net Operating Income $7,868$8,088$8,314$8,546$8,784$9,029$9,281$9,539$9,804$10,077
- Mortgage Payments$0$0$0$0$0$0$0$0$0$0
= Cash Flow $7,868$8,088$8,314$8,546$8,784$9,029$9,281$9,539$9,804$10,077
+ Principal Reduction $0$0$0$0$0$0$0$0$0$0
+ Appreciation $3,495$3,670$3,853$4,046$4,248$4,461$4,684$4,918$5,164$5,422
= Gross Equity Income $11,363$11,757$12,167$12,592$13,032$13,490$13,964$14,457$14,968$15,499
Capitalization Rate 10.7%10.5%10.3%10.1%9.8%9.6%9.4%9.2%9.0%8.9%
Cash on Cash Return 11.1%11.4%11.7%12.0%12.4%12.7%13.1%13.4%13.8%14.2%
Return on Equity 15.5%15.3%15.0%14.8%14.6%14.4%14.2%14.0%13.8%13.6%
Loan AnalysisYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Market Value $73,395$77,065$80,918$84,964$89,212$93,673$98,356$103,274$108,438$113,860
- Loan Balance $0$0$0$0$0$0$0$0$0$0
= Equity $73,395$77,065$80,918$84,964$89,212$93,673$98,356$103,274$108,438$113,860
Loan-to-Value Ratio 0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Potential Cash-Out Refi $66,056$69,358$72,826$76,467$80,291$84,305$88,521$92,947$97,594$102,474
Sale AnalysisYear 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 10
Equity $73,395$77,065$80,918$84,964$89,212$93,673$98,356$103,274$108,438$113,860
- Closing Costs ($5,138)($5,395)($5,664)($5,947)($6,245)($6,557)($6,885)($7,229)($7,591)($7,970)
= Proceeds After Sale $68,257$71,670$75,254$79,016$82,967$87,116$91,471$96,045$100,847$105,890
+ Cumulative Cash Flow $7,868$15,955$24,269$32,815$41,599$50,628$59,908$69,447$79,252$89,329
- Approximate Cash Invested($70,949)($70,949)($70,949)($70,949)($70,949)($70,949)($70,949)($70,949)($70,949)($70,949)
= Net Profit $5,177$16,677$28,574$40,883$53,618$66,795$80,431$94,544$109,150$124,270
Internal Rate of Return 7.3%11.7%13.2%13.8%14.2%14.4%14.5%14.6%14.7%14.7%
Return on Investment 7.3%23.5%40.3%57.6%75.6%94.1%113.4%133.3%153.8%175.2%
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.