1941 Corning Ave

Memphis, TN 38127
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3 bd, 1 ba | 962 sqft | Built in 1960

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List Price
$123,700

Initial Investment

$33,708

Purchase Price

$123,700

Down Payment

25%

Rent

$970

Total Return

$70,447

Annualized Return

25.4%

Cap Rate

5.9%

Gross Yield

9.4%

Cash Flow

-$41

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,803

HOA

None

Flood Risk

Not Required

Welcome to this charming 3 bedroom, 1 bathroom home located in a quiet neighborhood of Memphis. This cozy home offers a spacious living room with plenty of natural light, perfect for family gatherings or relaxing after a long day. The kitchen features ample cabinet space, sleek countertops, and modern appliances, ideal for preparing your favorite meals. The three well-sized bedrooms provide plenty of closet space, while the full bathroom is conveniently located for easy access. The large, fenced-in backyard is perfect for outdoor activities,

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$11,058

Expenses

-$2,124

Property Taxes

-$2,250

Loan Payments

-$6,725

Net Cash Flow

-$41

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:James Wachob
Agent License 294924
Foundation Property Management
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10188639
Last Updated: 01/23/2025 16:01
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