3439 Lakeview Rd
Memphis, TN 38116
List Price
$149,900
Initial Investment
$40,848Purchase Price
$149,900
Down Payment
25%
Rent
$1,710
Total Return
$102,969
Annualized Return
32.4%
Cap Rate
9.2%
Gross Yield
13.7%
Cash Flow
$4,706
Appreciation
8.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
38,768
HOA
None
Flood Risk
Not Required
What a great addition to your rental portfolio this will be. This property is located near jobs and commerce and will stay in demand with the local tenant base. A TLC is needed and it will be sold "as-is". This property will not qualify for FHA financing. Seller prefers offers with no inspection contingencies since it is a vacant property. No assignments and no wholesaler buyer offers will be accepted
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$19,494Expenses
-$4,579Property Taxes
-$2,060Loan Payments
-$8,149Net Cash Flow
$4,706See 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
Agent License 286759
Dean Harris
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10177647
Last Updated: 07/25/2024 13:07
MLS #10177647
Last Updated: 07/25/2024 13:07