3063 Christine Rd

Memphis, TN 38118
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3 bd, 1.5 ba | 1,191 sqft | Built in 1957

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List Price
$125,000

Initial Investment

$34,063

Purchase Price

$125,000

Down Payment

25%

Rent

$1,200

Total Return

$79,143

Annualized Return

28.8%

Cap Rate

7.4%

Gross Yield

11.5%

Cash Flow

$1,718

Appreciation

9.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Hot investment opportunity. Investors only! This could be a great addition to your rental portfolio. Well maintained home in a desirable area with covered parking. Professionally managed and well maintained. Currently rented for $1095/mo. ONLINE VIDEO AVAILABLE UPON REQUEST. DO NOT APPROACH OR DISTURB THE TENANT. NO SHOWINGS WITHOUT AN ACCEPTED OFFER. NO WHOLESALE OR ASSIGNMENTS. Seller is also selling 3063 Christine, 3733 Brompton and 3104 Kingsgate. No wholesalers, no assignments, no creative financing or subject to offers please.

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$2,917

Property Taxes

-$2,250

Loan Payments

-$6,796

Net Cash Flow

$1,718

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:Tyler Tapley
Agent License 296080
Crye-Leike, Inc., REALTORS
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10191873
Last Updated: 03/13/2025 16:03
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