1351 Favell Dr

Memphis, TN 38116
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3 bd, 2 ba | 1,376 sqft | Built in 1959

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List Price
$124,900

Initial Investment

$34,035

Purchase Price

$124,900

Down Payment

25%

Rent

$1,340

Total Return

$82,617

Annualized Return

31.1%

Cap Rate

8.7%

Gross Yield

12.9%

Cash Flow

$3,322

Appreciation

8.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

15,788

HOA

None

Flood Risk

Not Required

Great opportunity for a 3 bedroom, 2 bath home with a large living room, dining room and big den plus an eat in kitchen selling as is. Large fenced corner lot, with a 2 car carport and priced far below market value to sell now. House needs some repairs and will not qualify for traditional FHA or VA loans.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$15,276

Expenses

-$3,464

Property Taxes

-$1,700

Loan Payments

-$6,790

Net Cash Flow

$3,322

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

Why choose?
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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Similar Listings



Listing Courtesy of:Jimmie Tapley
Agent License 209672
Crye-Leike, Inc., REALTORS
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10191808
Last Updated: 03/12/2025 17:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.