*** ********* ***, ********, AR
12.28% return
LP:
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Property Description

Spacious Units! Property is in good condition, New Roof, recently painted, 6 Units have central A/C, separate water, electric and gas meters, which tenants are responsible for. Near Memphis & Fed Ex Distribution Center.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units8
  • Total bedrooms12
  • Total bathrooms8
  • Building size2392 sq. ft.
  • Lot size0.3 acres
  • Year built1980
  • County******** County
  • Subdivision********** *********
  • ConstructionFrame
  • RoofCOMPOSITION SHINGLE - WOOD FRAME/TRUSS
  • Water sourceCity
  • Water disposalSewer
  • HeatingCentral
  • CoolingCentral

Property Financial Summary

  • Asking price $210,000
  • Estimated rehab 1 $20,000
  • Total investment $230,000
  • Type Proforma
  • After repair value $300,000
  • Potential profit $70,000
  • Gross income (annually) $34,800
  • Operating expenses (annually) $6,557
  • Net income (annually) $28,243
  • Gross return 15.13%
  • Gross income (monthly) $2,900
  • Operating expenses (monthly) $546
  • Net income (monthly) $2,354
  • Net return 12.28%

Property Income & Expenses

  • Income
  • Unit 1: 2 bed / bath $400/month
  • Unit 2: 2 bed / bath $400/month
  • Unit 3: 2 bed / bath $400/month
  • Unit 4: 2 bed / bath $400/month
  • Unit 5: 1 bed / bath $325/month
  • Unit 6: 1 bed / bath $325/month
  • Unit 7: 1 bed / bath $325/month
  • Unit 8: 1 bed / bath $325/month
  • Total $2,900/month
  • Expenses
  • Property Taxes $165/month
  • Insurance $175/month
  • Maintenance reserve $167/month
  • Pest Control $40/month
  • Total $546/month

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