14.45% ROI – Pershing Ave, Memphis, TN 38112 For Sale

  • $39,500
  • 2 beds
  • 1 baths
  • 761 sqft

3058 Pershing Ave, Memphis, TN 38112 is a fantastic 2 bedroom 1 bath bungalow located in one of the hottest rental areas of Memphis. Houses are also appreciating in value in this area. Renovated to Like New Condition.  Quiet street and neighborhood. Currently rented with a 2 year lease at $550 per month. Close to churches, schools, freeway, downtown, Memphis State University.

Cash Flow Analysis:
Rental Income: $550 Per Month / $6600 Per Year
Property Management @ 8%: $528
Real Estate Taxes: $156
Insurance: $279
Expenses: $963
Positive Cash Flow: $5637
ROI: 14.45%

Price:
$39,500
Address:
3058 Pershing Ave
Memphis, TN 38112
Square Feet:
761
Lot Size:
6969
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1947

Call (901) 443-4660 for more details

Property Location

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