3349 Alta Rd

Memphis, TN 38109
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3 bd, 1 ba | 1,547 sqft | Built in 1953

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List Price
$99,999

Initial Investment

$27,250

Purchase Price

$99,999

Down Payment

25%

Rent

$1,150

Total Return

$66,349

Annualized Return

31.3%

Cap Rate

8.9%

Gross Yield

13.8%

Cash Flow

$2,780

Appreciation

8.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,400

HOA

None

Flood Risk

Not Required

Renovated 3 bedroom 1.5 bath home offering great living space! Recently updated home features a NEW ROOF with warranty, renovated kitchen, remodeled bathroom and oversized den. Beautiful laminate flooring. Private, fenced back yard. Great location off Hwy 61 with easy interstate access & short drive to downtown. Professionally managed and currently rented. Lease ledger, maintenance records available with accepted contract. TENANT OCCUPIED! PLEASE DO NOT DISTURB TENANT!

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

-$3,094

Property Taxes

-$1,800

Loan Payments

-$5,436

Net Cash Flow

$2,780

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:Aaron Ivey
Agent License 283079
eXp Realty
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10184686
Last Updated: 11/06/2024 19:11
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.