3649 Suzanne Dr

Memphis, TN 38127
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5 bd, 2 ba | 1,939 sqft | Built in 1958

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List Price
$79,500

Initial Investment

$25,035

Purchase Price

$74,500

Down Payment

25%

Rent

$1,050

Total Return

$52,286

Annualized Return

28.7%

Cap Rate

10.1%

Gross Yield

16.9%

Cash Flow

$2,724

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

09/01/2019

Lease End

09/30/2020

Lot Size

9,425

HOA

None

Flood Risk

Not Required

  • Full interior rehab including new cabinets, countertops, electrical panel, HVAC, sink, faucet, toilets, water heater, refinished hardwood floors, tile floors, tub, vanities, light fixtures, panel doors, door knobs, hand railing, and outlets

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Annual Financial Highlights

Expected Rent

$11,970

Expenses

-$4,096

Property Taxes

-$1,100

Loan Payments

-$4,050

Net Cash Flow

$2,724

See more in Financials

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