Fee PM for 1yr! Near Graceland - **NO HOA!**
Tennessee
5bd • 2ba • Built: 1962 • Remodeled: 2026
| Projected Income | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Projected Rent | $19,140 | $19,714 | $20,306 | $20,915 | $21,542 | $22,189 | $22,854 | $23,540 | $24,246 | $24,973 |
| Vacancy Losses | ($1,531) | ($1,577) | ($1,624) | ($1,673) | ($1,723) | ($1,775) | ($1,828) | ($1,883) | ($1,940) | ($1,998) |
| Operating Income | $17,609 | $18,137 | $18,681 | $19,242 | $19,819 | $20,413 | $21,026 | $21,657 | $22,306 | $22,975 |
| Estimated Expenses | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Property Taxes | ($1,537) | ($1,594) | ($1,653) | ($1,714) | ($1,777) | ($1,843) | ($1,911) | ($1,982) | ($2,055) | ($2,131) |
| Insurance | ($1,434) | ($1,487) | ($1,542) | ($1,599) | ($1,659) | ($1,720) | ($1,784) | ($1,850) | ($1,918) | ($1,989) |
| 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 | ($1,148) | ($1,191) | ($1,235) | ($1,281) | ($1,328) | ($1,377) | ($1,428) | ($1,481) | ($1,536) | ($1,593) |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Operating Expenses | ($4,119) | ($4,272) | ($4,430) | ($4,594) | ($4,764) | ($4,940) | ($5,123) | ($5,312) | ($5,509) | ($5,713) |
| Income Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Net Operating Income | $13,489 | $13,865 | $14,251 | $14,648 | $15,055 | $15,473 | $15,903 | $16,344 | $16,797 | $17,263 |
| - Mortgage Payments | ($11,656) | ($11,656) | ($11,656) | ($11,656) | ($11,656) | ($11,656) | ($11,656) | ($11,656) | ($11,656) | ($11,656) |
| = Cash Flow | $1,833 | $2,209 | $2,595 | $2,992 | $3,399 | $3,817 | $4,247 | $4,688 | $5,141 | $5,607 |
| + Principal Reduction | $1,718 | $1,833 | $1,955 | $2,086 | $2,226 | $2,375 | $2,534 | $2,704 | $2,885 | $3,078 |
| + Appreciation | $10,245 | $10,757 | $11,295 | $11,860 | $12,453 | $13,076 | $13,729 | $14,416 | $15,137 | $15,893 |
| = Gross Equity Income | $13,796 | $14,799 | $15,846 | $16,938 | $18,078 | $19,268 | $20,511 | $21,808 | $23,163 | $24,578 |
| Capitalization Rate | 6.3% | 6.1% | 6.0% | 5.9% | 5.8% | 5.6% | 5.5% | 5.4% | 5.3% | 5.2% |
| Cash on Cash Return | 3.4% | 4.1% | 4.8% | 5.5% | 6.3% | 7.0% | 7.8% | 8.6% | 9.5% | 10.3% |
| Return on Equity | 21.8% | 19.5% | 17.8% | 16.4% | 15.4% | 14.5% | 13.7% | 13.1% | 12.6% | 12.1% |
| Loan Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Market Value | $215,145 | $225,902 | $237,197 | $249,057 | $261,510 | $274,586 | $288,315 | $302,731 | $317,867 | $333,761 |
| - Loan Balance | ($151,957) | ($150,125) | ($148,169) | ($146,083) | ($143,857) | ($141,482) | ($138,947) | ($136,243) | ($133,358) | ($130,280) |
| = Equity | $63,188 | $75,778 | $89,028 | $102,974 | $117,653 | $133,104 | $149,368 | $166,487 | $184,509 | $203,481 |
| Loan-to-Value Ratio | 70.6% | 66.5% | 62.5% | 58.7% | 55.0% | 51.5% | 48.2% | 45.0% | 42.0% | 39.0% |
| Potential Cash-Out Refi | $41,673 | $53,187 | $65,308 | $78,069 | $91,502 | $105,646 | $120,536 | $136,214 | $152,722 | $170,105 |
| Sale Analysis | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|
| Equity | $63,188 | $75,778 | $89,028 | $102,974 | $117,653 | $133,104 | $149,368 | $166,487 | $184,509 | $203,481 |
| - Closing Costs | ($15,060) | ($15,813) | ($16,604) | ($17,434) | ($18,306) | ($19,221) | ($20,182) | ($21,191) | ($22,251) | ($23,363) |
| = Proceeds After Sale | $48,128 | $59,964 | $72,424 | $85,540 | $99,348 | $113,883 | $129,186 | $145,296 | $162,258 | $180,117 |
| + Cumulative Cash Flow | $1,833 | $4,043 | $6,638 | $9,630 | $13,029 | $16,846 | $21,093 | $25,781 | $30,923 | $36,530 |
| - Approximate Cash Invested | ($54,299) | ($54,299) | ($54,299) | ($54,299) | ($54,299) | ($54,299) | ($54,299) | ($54,299) | ($54,299) | ($54,299) |
| = Net Profit | ($4,338) | $9,709 | $24,764 | $40,872 | $58,078 | $76,431 | $95,980 | $116,779 | $138,883 | $162,349 |
| Internal Rate of Return | -8.0% | 8.7% | 13.7% | 15.7% | 16.5% | 16.8% | 16.9% | 16.8% | 16.6% | 16.4% |
| Return on Investment | -8.0% | 17.9% | 45.6% | 75.3% | 107.0% | 140.8% | 176.8% | 215.1% | 255.8% | 299.0% |
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.