1276 Creeks Edge Dr

Cordova, TN 38016
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5 bd, 3 ba | 2,311 sqft | Built in 1987

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List Price
$165,000

Initial Investment

$44,963

Purchase Price

$165,000

Down Payment

25%

Rent

$1,980

Total Return

$126,358

Annualized Return

34.6%

Cap Rate

9.2%

Gross Yield

14.4%

Cash Flow

$5,245

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

16,388

HOA

None

Flood Risk

Not Required

5 bedroom, 3 bathroom home being sold AS-IS! Home had some flooding and plumbing issues. Disclosure attached. Home has vaulted ceilings, laminate wood flooring, neutral paint colors throughout, and plenty of natural light. The kitchen has upgraded countertops, stainless steel appliances, and white cabinetry. The large primary bedroom suite is unfinished - ready for buyers to make it their own! The en-suite primary bathroom includes granite countertops and a dual sink vanity.

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$22,572

Expenses

-$5,237

Property Taxes

-$3,120

Loan Payments

-$8,970

Net Cash Flow

$5,245

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

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From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Steven Bintz
Agent License 353663
Everystate Inc.
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10191820
Last Updated: 03/12/2025 18:03
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