RESERVE THIS PROPERTY

LOCATION OVERVIEW

$ 168,000

2322 Bartlett Oaks Dr. Bartlett TN 38134

Construction Type: New
Year Built: Not Yet Completed
1609 sf 3 2
Homes located in this zip code are located within close proximity to Wolfchase Galleria Mall; complete with a movie theater and wide variety of restaurants and retail stores for everyone. It is also home to West Tennessee’s first Cheesecake Factory. Residents also have quick and easy freeway access to Highway 64, which provides ease of travel to all that Memphis has to offer.

RETURN CALCULATOR

Perform your own sensitivity analysis by adjusting the parameters below to see how they can affect your return

Vacancy Rate (% GSI)
Maintenance Rate (% GOI)
Property Mgmt Rate (% GOI)
Property Appreciation Rate (%)
Rent Appreciation Rate (%)
Expense Inflation Rate (%)
Sales Cost Rate (% of Price)
Interest Rate (%)
PROPERTY INPUTS
Down Payment % Down Payment $ Est. Closing Costs Est. Total Investment Est. Monthly Rent Gross Annual Rent PM Fee Property Taxes Est. Property Insurance HOA Fees Maintenance Allowance Debt Service
20% $ 33,600 $ 4,238 $ 37,838 $ 1,295 $ 15,540 ($ 1,461) ($ 1,919) ($ 800) $ 0 ($ 932) $ 8,172
Economic Modeling Assumptions

Interest Rate: 4.5%

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Vacancy Rate (% GSI) 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
Maintenance Rate (% GOI) 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
Property Mgmt Rate (% GOI) 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
Property Appreciation Rate 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5%
Rent Appreciation Rate 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Expense Inflation Rate 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Sales Cost Rate (% of Price) N/AN/AN/AN/AN/AN/AN/AN/AN/A 9%
Cash Flow and Property Value Projections

Average Days Vacant Per Year/Per Home : 22

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Gross Annual Rent $ 15,540 $ 16,006 $ 16,486 $ 16,981 $ 17,490 $ 18,015 $ 18,556 $ 19,112 $ 19,686 $ 20,276
Vacancy Allowance ($ 932) ($ 960) ($ 989) ($ 1,019) ($ 1,049) ($ 1,081) ($ 1,113) ($ 1,147) ($ 1,181) ($ 1,217)
Property Management ($ 1,461) ($ 1,505) ($ 1,550) ($ 1,596) ($ 1,644) ($ 1,693) ($ 1,744) ($ 1,797) ($ 1,850) ($ 1,906)
Property Taxes ($ 1,919) ($ 1,977) ($ 2,036) ($ 2,097) ($ 2,160) ($ 2,225) ($ 2,291) ($ 2,360) ($ 2,431) ($ 2,504)
Est. Property Insurance ($ 800) ($ 824) ($ 849) ($ 874) ($ 900) ($ 927) ($ 955) ($ 984) ($ 1,013) ($ 1,044)
HOA Fees $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Maintenance Allowance ($ 876) ($ 903) ($ 930) ($ 958) ($ 986) ($ 1,016) ($ 1,047) ($ 1,078) ($ 1,110) ($ 1,144)
Debt Service ($ 8,172) ($ 8,172) ($ 8,172) ($ 8,172) ($ 8,172) ($ 8,172) ($ 8,172) ($ 8,172) ($ 8,172) ($ 8,172)
Before Tax Cash Flow $ 1,380 $ 1,666 $ 1,961 $ 2,265 $ 2,578 $ 2,901 $ 3,233 $ 3,575 $ 3,928 $ 4,291
Ending Property Value $ 173,880 $ 179,966 $ 186,265 $ 192,784 $ 199,531 $ 206,515 $ 213,743 $ 221,224 $ 228,967 $ 236,981
10- Year Cash Flows

Average Maint Expense Per Year/Per Home : ($ 510)

Initial Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Down Payment ($ 33,600)
Closing Costs ($ 4,238)
Annual Cash Flow $ 1,380 $ 1,666 $ 1,961 $ 2,265 $ 2,578 $ 2,901 $ 3,233 $ 3,575 $ 3,928 $ 4,291
Appreciation $ 68,981
Debt Paydown $ 26,760
Return of Down Payment $ 33,600
Sales Costs $ 21,328
Net Cash Flows ($ 37,838) $ 1,380 $ 1,666 $ 1,961 $ 2,265 $ 2,578 $ 2,901 $ 3,233 $ 3,575 $ 3,928 $ 112,303
TOTAL CF :

$ 27,778

AVG CF/YR :

$ 2,778

PROPERTY INPUTS
Down Payment % Down Payment $ Est. Closing Costs Est. Total Investment Est. Monthly Rent Gross Annual Rent PM Fee Property Taxes Est. Property Insurance HOA Fees Maintenance Allowance Debt Service
100% $ 168,000 $ 2,128 $ 170,128 $ 1,295 $ 15,540 ($ 1,461) ($ 1,919) ($ 800) $ 0 ($ 932) $ 0
Economic Modeling Assumptions

Interest Rate:4.5 %

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Vacancy Rate (% GSI) 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
Maintenance Rate (% GOI) 6% 6% 6% 6% 6% 6% 6% 6% 6% 6%
Property Mgmt Rate (% GOI) 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%
Property Appreciation Rate 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5%
Rent Appreciation Rate 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Expense Inflation Rate 3% 3% 3% 3% 3% 3% 3% 3% 3% 3%
Sales Cost Rate (% of Price) N/AN/AN/AN/AN/AN/AN/AN/AN/A 9%
Cash Flow and Property Value Projections

Average Days Vacant Per Year/Per Home : 22

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Gross Annual Rent $ 15,540 $ 16,006 $ 16,486 $ 16,981 $ 17,490 $ 18,015 $ 18,556 $ 19,112 $ 19,686 $ 20,276
Vacancy Allowance ($ 932) ($ 960) ($ 989) ($ 1,019) ($ 1,049) ($ 1,081) ($ 1,113) ($ 1,147) ($ 1,181) ($ 1,217)
Property Management ($ 1,461) ($ 1,505) ($ 1,550) ($ 1,596) ($ 1,644) ($ 1,693) ($ 1,744) ($ 1,797) ($ 1,850) ($ 1,906)
Property Taxes ($ 1,919) ($ 1,977) ($ 2,036) ($ 2,097) ($ 2,160) ($ 2,225) ($ 2,291) ($ 2,360) ($ 2,431) ($ 2,504)
Est. Property Insurance ($ 800) ($ 824) ($ 849) ($ 874) ($ 900) ($ 927) ($ 955) ($ 984) ($ 1,013) ($ 1,044)
HOA Fees $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Maintenance Allowance ($ 876) ($ 903) ($ 930) ($ 958) ($ 986) ($ 1,016) ($ 1,047) ($ 1,078) ($ 1,110) ($ 1,144)
Debt Service $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0
Before Tax Cash Flow $ 9,551 $ 9,838 $ 10,133 $ 10,437 $ 10,750 $ 11,073 $ 11,405 $ 11,747 $ 12,099 $ 12,462
Ending Property Value $ 173,880 $ 179,966 $ 186,265 $ 192,784 $ 199,531 $ 206,515 $ 213,743 $ 221,224 $ 228,967 $ 236,981
10- Year Cash Flows

Average Maint Expense Per Year/Per Home : ($ 510)

Initial Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10
Down Payment ($ 168,000)
Closing Costs ($ 2,128)
Annual Cash Flow $ 9,551 $ 9,838 $ 10,133 $ 10,437 $ 10,750 $ 11,073 $ 11,405 $ 11,747 $ 12,099 $ 12,462
Appreciation $ 68,981
Debt Paydown $ 0
Return of Down Payment $ 168,000
Sales Costs $ 21,328
Net Cash Flows ($ 170,128) $ 9,551 $ 9,838 $ 10,133 $ 10,437 $ 10,750 $ 11,073 $ 11,405 $ 11,747 $ 12,099 $ 228,115
TOTAL CF :

$ 109,496

AVG CF/YR :

$ 10,950

DISCLAIMER: The calculations and data presented herein are deemed to be accurate, but accuracy is not guaranteed. The projected pro forma returns on investment are intended for the purpose of illustrative projections to facilitate analysis and are not guaranteed by Meridian Pacific Properties, Inc. or its affiliates and subsidiaries. The information provided herein is not intended to replace or serve as a substitute for any legal, real estate, tax, or other professional advice, consultation or service. The prospective buyer should consult with a professional in the respective legal, tax, accounting, real estate, or other professional area before making any decisions or entering into any contracts pertaining to the property or properties described herein.