392 Josephine St
Memphis, TN 38111
List Price
$129,900
Initial Investment
$35,398Purchase Price
$129,900
Down Payment
25%
Rent
$1,200
Total Return
$61,209
Annualized Return
23.4%
Cap Rate
7.0%
Gross Yield
11.1%
Cash Flow
$1,411
Appreciation
7.2%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,431
HOA
None
Flood Risk
Not Required
This cute move-in ready home has been nicely maintained and offers a cozy front porch, separate living/dining/den spaces with arched entry from living room into the dining room. The nice kitchen offers gas cooking, a dishwasher, pantry, a pot rack and tile flooring. The vintage bath offers the original cast iron tub w/arched shower, a single vanity, mirror & tile flooring. All three bedrooms are spacious. The beautiful, original solid oak hardwoods are intact & the interior has been freshly painted. Great size yard, fully fenced. Detached 1-C Garage + 2 covered spaces in Carport. Plenty of storage in the attic, too. Come see!
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$13,680Expenses
-$2,857Property Taxes
-$2,350Loan Payments
-$7,062Net Cash Flow
$1,411See 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:Paige Arnold
Agent License 271151
Crye-Leike, Inc., REALTORS
Agent License 271151
Crye-Leike, Inc., REALTORS
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10192116
Last Updated: 03/17/2025 00:03
MLS #10192116
Last Updated: 03/17/2025 00:03