3068 Knightway Rd

Memphis, TN 38118
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3 bd, 1 ba | 1,025 sqft | Built in 1959

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List Price
$134,900

Initial Investment

$36,760

Purchase Price

$134,900

Down Payment

25%

Rent

$1,150

Total Return

$79,287

Annualized Return

26.5%

Cap Rate

6.4%

Gross Yield

10.2%

Cash Flow

$700

Appreciation

9.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,980

HOA

None

Flood Risk

Not Required

Don't miss this opportunity to add a property to your rental portfolio. Great rental area and this property is located near all types of commerce and industry. No blind offers and no wholesaler or assignment of contract offers will be accepted.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$13,110

Expenses

-$2,626

Property Taxes

-$2,450

Loan Payments

-$7,334

Net Cash Flow

$700

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:Dean Harris
Agent License 286759
Dean Harris
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10191834
Last Updated: 03/12/2025 20:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.