16.94 % ROI, No Worked Needed Tenant In Place! 1592, Memphis, TN Sold

  • $29,500
  • 3 beds
  • 2 baths
  • 1461 sqft
Cash Flow Analysis
Rental Income                          $580/$6960 (Note: We plan to increase rent to $600.)
Property Management @8%    $557
Real Estate Taxes                         456
Insurance                                       250
Vacancy                                          348
Repairs                                           348
Total Expenses                           $1959
Positive Cash Flow                    $5000
Sell Price    $29,500
Comps        $35-41K
Cash on Cash Return 16.94%
Price:
$29,500
Address:
1592
Memphis, TN
Square Feet:
1461
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1999
Basement:
N/A
Const. Type:
Brick

Additional Features

No Worked Needed Tenant In Place! All brick 3 bed, 2 bath with den or 4th bedroom. Central Heal And Air, Carpet Through out 1461 Sq Ft Built in 1999. Current tenant has lived in house for over 4 years and would like to continue to stay.

Call (901) 443-4660 for more details

Property Location

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