3931 Ajanders Dr, Memphis, TN 38127 For Sale

  • $125,000
  • 3 beds
  • 1 baths

Investment Opportunity: Updated Rental Property in Memphis, TN

Address: 3931 Ajanders Dr, Memphis TN 38127
Price: $125,000
Monthly Rent: $1,250

cash to cash return 17.07%

Property Overview:

Discover a lucrative investment opportunity with this updated 3-bedroom, 2-bathroom rental property in a desirable Memphis neighborhood. Featuring modern upgrades and a functional layout, this home is perfect for investors seeking a stable and profitable asset.

Key Features:

  • Updated Home: Recently updated with modern finishes, including new flooring, updated kitchen and bathrooms, and contemporary fixtures.
  • Spacious and Functional Layout: The property offers a generous floor plan with ample living space, ideal for attracting quality tenants.
  • Turnkey Investment: Currently rented at $1,250 per month, this property delivers immediate rental income.
  • Low Operating Costs: With annual property taxes of $850, insurance at $1,000, and an 8% property management fee, operating expenses are kept low.

Financial Highlights:

  • Purchase Price: $125,000
  • Down Payment (20%): $25,000
  • Loan Amount: $100,000 at 7% interest
  • Monthly Mortgage Payment: $665.30
  • Annual Gross Rent Income: $15,000
  • Net Operating Income (NOI): $11,950
  • Annual Cash Flow: $3,966.40
  • Cash on Cash Return: 14.42%
  • Appreciation Potential: With an estimated annual appreciation rate of 3%, the property is expected to appreciate by $3,750 annually.
  • Tax Benefits: Enjoy an annual depreciation deduction of $4,545.45, resulting in tax savings of approximately $1,090.91 per year.

Investment Summary:

This property offers a robust investment with a cash on cash return of 14.42% and a total ROI of 32.03% when factoring in appreciation and depreciation. The updated condition ensures minimal maintenance and strong tenant appeal, making it a hassle-free investment in a growing market.

3931 Ajanders Dr
Memphis, TN 38127
For Sale
Property Type:
Year Built:

Call (901) 443-4660 for more details

Property Location

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(901) 443-4660