My Property Journey – My latest portfolio addition – Another positive cash flow Memphis property
Posted by taylor | Under Buying Investment Properties, My property journey, US property Tuesday Nov 29, 2011My property journey – USA property
So, I welcome another property to my USA portfolio, a few more on the horizon, so watch this space.
I am continuing on with the same strategy, a mix of some high positive cash flow with some potential good capital growth options.
This is another Memphis one; market has moved in the last 6 months, around 20%. Lots of demand amongst investors for this area. So, not quite as sharp as my first 2, but still coming in at 20% Gross yield.
By using leverage (I have a P&I 7 year loan), in year 7 I will be returning 28% cash on cash return excluding purchase fees and 21% including all fees, plus I will own the house outright. In the meantime, it will be returning 6.5% cash flow + principal pay off approx 11% return) per year.
Short video below for you to see the property:
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About Mark Taylor….
Mark Taylor is the Founder and Director of Keys To Success Club. A property investor in his own right, Mark helps other people succeed in property investment by connecting them to property experts through Keys To Success Club.
My property journey – USA Property
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