1427 Sandy Stone Ln

Cordova, TN 38016
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3 bd, 2 ba | 1,630 sqft | Built in 1978

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List Price
$225,000

Initial Investment

$61,313

Purchase Price

$225,000

Down Payment

25%

Rent

$1,780

Total Return

$140,959

Annualized Return

27.7%

Cap Rate

6.4%

Gross Yield

9.5%

Cash Flow

$1,248

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

A great 3/2 in the heart of Cordova, close to all amenities. This would be a great investment property or family home. It is very spacious, has a large backyard with a building. Stone fireplace and great room, granite countertops in the kitchen, laundry room, pantry, many extras. This home is being sold AS IS.

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$20,292

Expenses

-$3,712

Property Taxes

-$3,100

Loan Payments

-$12,232

Net Cash Flow

$1,248

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:Theresa Goolsby
Agent License 344319
BHHS McLemore & Co., Realty
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10184722
Last Updated: 11/07/2024 00:11
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