3464 Dobbin Ferry-Renovated-Rented 15.29% ROI Sold

  • $40,000
  • 4 beds
  • 1.5 baths
  • 1104 sqft
This Memphis  Investment House is an Extremely Nice Solid Brick located in a Top Rental Area of Memphis. It has 4 bedroom,1 1/2 bath plus has been Totally Rehabbed to Like New Condition. New Central Heat, Hot Water Heater, New Kitchen and Bath. House has enjoyed a nice long term tenant that would love to stay.
Houses in this neighborhood enjoy the convenience of close schools, churches, shopping, bus line, interstate.  Property managers have a waiting list of prospective tenants to live in this area.
Zillow predicts Parkway Village home values will rise 2.8% next year, this home is valued 14.9% less than the midpoint (median) home, but is value 4.9% more per Sq Ft.
  • Yearly Income                $6873
  • Cash on Cash Return      15.29%
  • House fully rehabbed
  • Qualified tenant in place paying market rent
Recent Comps
3452 Meier Dr 3/2 1120 sq ft Sold $89,500 | 2-4-2016
3336 Spring Shadow Dr. 3/2 1212 sq ft Sold $72.700 |  2-4-2016
Average Sell Price @ $81,100
Price:
$40,000
Address:
3464 Dobbin Ferry
Memphis, TN 38118
Square Feet:
1104
Bedrooms:
4
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1972
Const. Type:
Brick

Additional Features

Cash Flow Analysis Rental Income: $700/ $8400 Yearly Property Mgt @8% $672 Real Estate Taxes $496 Insurance $350 Total Expenses $1518 Positive Cash Flow $6932 Cash on Cash Return 15.29% Investor Priced @ Only $45,000

Call (901) 443-4660 for more details

Property Location

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