How does this townhome look to you ?

[Saurabh Kukreja]

Is it priced well? Will this be a good deal ?

6436 Macon Rd, Memphis, TN 38134 | MLS #10185084 | Zillow

Looking at these numbers :

The thing that I like is its in a good area. The current tenant is paying 1550 , but there are other properties in the same community available for rent at 1400, which makes me think If I should calculate my numbers for 1550 Or 1400 ?

Also , normally I keep 5% as vacancy rate , but for this case I did 4% as its a desirable rental area

Is 7% expense conservative for such townhomes?

Is 6.2% Cash On Cash a good deal worth looking at ?