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Updated over 6 years ago, 09/02/2018
Deal Analysis - Memphis, TN 38115
Hi all! Not sure if I'm posting this on the right place, but was wanting to get few different sets of eyes on this.
The property is in Hickory Hill, 38115 and for buy and hold. I THINK these numbers are pretty conservative, but not sure. Here are the stats.
SFR, 3/2 + "extra room that can be used as a bedroom" 1300 sqf
Purchase: 56K
Rehab: 4k
ARV: 70k
Rent: $800 (according to PM, but I think it might be closer to $750)
Vacancy - 8%
Repair - 8%
Capex - 8%
PM - 10%
P&I - $270
Insurance - $50
Tax - $90
Cashflow - $120 ($100 if using $750/mo)
Thoughts?