3579 Lanette Rd

Memphis, TN 38109
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3 bd, 1 ba | 808 sqft | Built in 1957

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List Price
$80,000

Initial Investment

$21,800

Purchase Price

$80,000

Down Payment

25%

Rent

$900

Total Return

$51,720

Annualized Return

30.4%

Cap Rate

8.7%

Gross Yield

13.5%

Cash Flow

$1,968

Appreciation

8.8%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

8,670

HOA

None

Flood Risk

Not Required

3 bedrooms and 1 bathroom. Recently rewired and a new breaker box was installed. The home is currently tenant-occupied please do not disturb the tenant. Call the listing agent to set up showings. The tenant moves out on or before 10/31/24. The home will be delivered vacant. Great home for a 1st time home buyer or investor. Large back yard.

MARKETS

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NEIGHBORHOOD

SCHOOLS

N/A

See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$2,493

Property Taxes

-$1,450

Loan Payments

-$4,349

Net Cash Flow

$1,968

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:Kristy Cannon
Agent License 342768
Keller Williams
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10180672
Last Updated: 09/06/2024 18:09
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.