3645 W Sutton Dr, Memphis, TN 38127 Pending

  • $150,000
  • 3 beds
  • 2 baths
  • 1100 sqft

Welcome to your new investment property in Memphis TN. This home has been completely renovated from top to bottom. Great 3 bedroom 2 bathroom floorplan with an attached carport and a great yard. This property offers a 14+% ROI, and comes with a 1 year warranty from the builder and a tenant placed at $1500 per month. This property is close to many different larger employers, close to schools, and neighborhood amenities.

Potential Investment Analysis on 3645 W Sutton Dr:

Property Price $150,000
Down Payment $30,000
Loan Amount $120,000
Interest Rate 6.5%
Loan Term (Years) 30
Monthly Mortgage Payment $758.46
Monthly Rent $1,500
Property Management Fee (8%) $120
Annual Taxes $769
Annual Insurance $1,000
Monthly Maintenance (5%) $75
Vacancy (2%) $30
Total Monthly Operating Expenses $372.41
Total Monthly Expenses $1,130.87
Monthly Cash Flow $369.13
Annual Cash Flow $4,429.56
Cash-on-Cash ROI 14.77%

* This is only a projection. Each investor must do their own due diligence with their own funding sources. We use the standard 20% down payment conventional loan. Interest rates fluctuate and terms differ from lender to lender, so we recommend working with your own professionals to get more accurate numbers based on your investment lending sources.

Call or Text Us Today at 901-808-8448 to schedule a walk through!

Price:
$150,000
Address:
3645 W Sutton Dr
Memphis, Tennessee 38127
Square Feet:
1100
Lot Size:
.299
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1961

Call (901) 443-4660 for more details

Property Location

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(901) 443-4660