1006 Decatur St. Memphis TN 38107 Available

  • $80,000
  • 3 beds
  • 1 baths
  • 1,715 sqft

Investor special! Affordable property at $80K with a rent potential of $1,269/month. Perfect for a fix-and-rent or flip strategy, this off-market gem offers strong cash flow and a 41.2% ROI. Renovate and maximize returns in a growing Memphis market!

Investment analysis:

– Property Price: $80,000
– Down Payment: $16,000
– Loan Amount: $64,000
– Interest Rate: 6.5%
– Loan Term: 30 years
– Expected Rent: $1,269
– Monthly Mortgage Payment: $404.42
– Management Fee (8%): $101.52
– Annual Taxes: $493 (or $41.08 per month)
– Annual Insurance: $1,000 (or $83.33 per month)
– Maintenance (5%): $63.45
– Vacancy Rate (2%): $25.38
– Total Monthly Costs: $719.18
– Monthly Cash Flow: $549.82
– Annual Cash Flow: $6,597.84
– Cash-on-Cash ROI: 41.24%

Price:
$80,000
Address:
1006 Decatur St.
Memphis, TN 38107
Square Feet:
1,715
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home

Call (901) 443-4660 for more details

Property Location

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(901) 443-4660