3422 Tutwiler Ave
Memphis, TN 38122
List Price
$129,000
Initial Investment
$35,153Purchase Price
$129,000
Down Payment
25%
Rent
$2,010
Total Return
$102,270
Annualized Return
39.1%
Cap Rate
12.2%
Gross Yield
18.7%
Cash Flow
$7,571
Appreciation
8.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
10,000
HOA
None
Flood Risk
Not Required
Investment opportunity in high rental area of Memphis! Cash flowing duplex for sale. Out of state investor is selling to focus on investment properties closer to home. Currently, there is one Tenant Occupied side with 2 year lease. One side was recently been updated. Selling as-is. Cash offers strongly preferred, DO NOT DISTURB, no wholesalers. No sign. No showings without accepted offer and make contract contingent on inspection. Contact listing agent for details.
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$22,914Expenses
-$6,530Property Taxes
-$1,800Loan Payments
-$7,013Net Cash Flow
$7,571See 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.
Similar Listings
Listing Courtesy of:Danielle Marcone
Agent License 330919
Compass RE
Agent License 330919
Compass RE
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10177634
Last Updated: 07/25/2024 03:07
MLS #10177634
Last Updated: 07/25/2024 03:07