3949 Plymouth Ave

Memphis, TN 38128
image0

4 bd, 3 ba | 2,248 sqft | Built in 1962

slider image
slider image
slider image

Favorite

List Price
$145,000

Initial Investment

$39,513

Purchase Price

$145,000

Down Payment

25%

Rent

$1,640

Total Return

$103,480

Annualized Return

32.5%

Cap Rate

8.7%

Gross Yield

13.6%

Cash Flow

$3,793

Appreciation

9.6%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

11,390

HOA

None

Flood Risk

Not Required

Spacious four bedroom and 3 bath home in Raleigh that was turnkey four years ago with new roof, HVAC and HWH in 2020. Home is currently occupied with a tenant paying $1,270 and the lease ends in January 2026. Home is professionally managed. This is ideal for an investor who is looking to add to their portfolio with an established tenant and little maintenance. Please do not disturb the tenants. Call listing agent for details. Showings granted upon accepted offers.

MARKETS

View Stats

NEIGHBORHOOD

SCHOOLS

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

Annual Financial Highlights

Expected Rent

$18,696

Expenses

-$4,370

Property Taxes

-$2,650

Loan Payments

-$7,883

Net Cash Flow

$3,793

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.
View Options

Similar Listings



Listing Courtesy of:Andrew Akins
Agent License 350853
Andrew Akins
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10185543
Last Updated: 11/20/2024 20:11
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.