Stunning Turnkey Rental Property – Great Cashflow For Sale

  • $145000
  • 3 beds
  • 1 baths
  • 975 sqft

Investment Analysis Spreadsheet here:

Investment Opportunity: Turnkey Rental Property in Memphis, TN

Address: 5389 Beaverton Dr, Memphis TN 38127
Price: $145,000
Monthly Rent: $1,500

Property Overview:

Presenting a remarkable investment opportunity with this fully renovated 3-bedroom, 2-bathroom turnkey rental property located in a vibrant Memphis neighborhood. This property is an ideal choice for investors seeking a reliable and high-yielding asset.

Key Features:

  • Fully Renovated: The property has been extensively updated, featuring modern finishes, new flooring, updated kitchen and bathrooms, and contemporary fixtures.
  • Spacious and Functional Layout: The home offers a generous floor plan with ample living space, perfect for attracting and retaining quality tenants.
  • Turnkey Investment: Currently rented at $1,500 per month, the property provides immediate rental income.
  • Low Operating Costs: With annual property taxes of $899, insurance at $950, and an 8% property management fee, operating expenses are kept at a minimum.

Financial Highlights:

  • Purchase Price: $145,000
  • Down Payment (20%): $29,000
  • Loan Amount: $116,000 at 7% interest
  • Monthly Mortgage Payment: $772.17
  • Annual Gross Rent Income: $18,000
  • Net Operating Income (NOI): $14,711
  • Annual Cash Flow: $5,444.96
  • Cash on Cash Return: 17.07%
  • Appreciation Potential: With an estimated annual appreciation rate of 3%, the property is expected to appreciate by $4,350 annually.
  • Tax Benefits: Enjoy an annual depreciation deduction of $4,218.18, resulting in tax savings of approximately $1,012.36 per year.

Investment Summary:

This property offers a robust investment with a cash on cash return of 17.07% and a total ROI of 33.87% when factoring in appreciation and depreciation. Its turnkey status ensures hassle-free management and a stable income stream. Located in a growing market, the property promises strong rental demand and potential for future appreciation.

Location Highlights:

  • Proximity to Amenities: Conveniently situated near schools, shopping centers, and public transportation.
  • Growth Area: Memphis is experiencing steady economic growth, enhancing the demand for rental properties.

Don’t miss this excellent investment opportunity. Contact us today to schedule a viewing or for more information.


5389 Beaverton dr
Memphis, Tennessee 38127
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For Sale
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Property Location

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