4623 Dunn Ave
Memphis, TN 38117
List Price
$299,000
Initial Investment
$81,478Purchase Price
$299,000
Down Payment
25%
Rent
$3,370
Total Return
$200,764
Annualized Return
31.5%
Cap Rate
8.7%
Gross Yield
13.5%
Cash Flow
$8,186
Appreciation
8.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
10,200
HOA
None
Flood Risk
Not Required
This spacious, renovated home in Colonial Acres has over 3000 SF and is central to everything. It has easy access to major avenues, retail spaces, and many wonderful restaurants. This comfortable home offers 3BE&3BA. The bonus room can also be converted into a 4th bedroom. A sizeable upstairs master w/luxury bath featuring double sinks, separate shower, and soaker tub: a large walk-in closet and bonus room. There is a fine hardwood floor throughout. The fantastic, spacious den has a gas fireplace and bar, perfect for friends and family gatherings. The kitchen and two bathrooms have been updated. A nice backyard with a covered patio to make it your retreat with a manicured backyard. A 23x20 workshop & parking for a boat or RV.
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$38,418Expenses
-$8,577Property Taxes
-$5,400Loan Payments
-$16,255Net Cash Flow
$8,186See 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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Certified Agent Brokerage:Pablo Pereyra
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901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10184930
Last Updated: 11/10/2024 06:11
MLS #10184930
Last Updated: 11/10/2024 06:11