1459 Flamingo Rd

Memphis, TN 38117
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2 bd, 1 ba | 924 sqft | Built in 1955

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List Price
$149,000

Initial Investment

$40,603

Purchase Price

$149,000

Down Payment

25%

Rent

$1,190

Total Return

$79,111

Annualized Return

24.4%

Cap Rate

6.0%

Gross Yield

9.6%

Cash Flow

$136

Appreciation

8.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,000

HOA

None

Flood Risk

Not Required

Adorable Move-In Ready Home in Popular Colonial Acres! This 2 Bedroom 1 Bath Home Offers A Fully-Equipped Kitchen With Plenty of Counter Space, Cabinets and Pantry, Also has a Gas Line in Kitchen for Gas Stove, a Separate Area for Washer and Dryer. Hardwood floors in Living Room, Dining Room, & Bedrooms. Updated Bath w/ Double Sinks, Single Carport & Extra Parking Pad for 2nd Car, Cute Covered Front Porch, Huge Back Yard for your Pups and Storage Building, New Roof (2020), New Windows (2018)

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$13,566

Expenses

-$2,630

Property Taxes

-$2,700

Loan Payments

-$8,100

Net Cash Flow

$136

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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Listing Courtesy of:Vicki Gandee
Agent License 314046
Crye-Leike, Inc., REALTORS
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10177739
Last Updated: 07/26/2024 15:07
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