1538 Farkleberry Dr

Cordova, TN 38016
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4 bd, 2.5 ba | 2,693 sqft | Built in 2000

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List Price
$299,900

Initial Investment

$81,723

Purchase Price

$299,900

Down Payment

25%

Rent

$2,390

Total Return

$181,912

Annualized Return

26.7%

Cap Rate

6.0%

Gross Yield

9.6%

Cash Flow

$539

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,849

HOA

None

Flood Risk

High Risk - Zone AE

County only taxes. Great location with lots of conveniences nearby. Spacious living room with gas log fireplace. Separate dining room. Large kitchen with island, SS appliances, including double ovens and refrigerator. Separate laundry room. Huge primary suite with private bath - separate tub & shower, 2 sink areas and walk in closet. Large fully fenced yard with deck & patio. Garage with storage room. Detached storage building.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$27,246

Expenses

-$5,003

Property Taxes

-$5,400

Loan Payments

-$16,304

Net Cash Flow

$539

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:Jessica Brown
Agent License S30902
REMAX Experts, LLC
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10185640
Last Updated: 11/22/2024 01:11
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