3738 Mountain Terrace St

Memphis, TN 38127
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3 bd, 1 ba | 1,155 sqft | Built in 1960

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List Price
$63,000

Initial Investment

$16,230

Purchase Price

$58,000

Down Payment

25%

Rent

$750

Total Return

$40,502

Annualized Return

31.4%

Cap Rate

8.9%

Gross Yield

15.5%

Cash Flow

$1,468

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

09/01/2017

Lease End

08/30/2018

Lot Size

10,400

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,766

Property Taxes

-$1,163

Loan Payments

-$3,153

Net Cash Flow

$1,468

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