4650 Flamingo Rd
Memphis, TN 38117
List Price
$149,000
Initial Investment
$40,603Purchase Price
$149,000
Down Payment
25%
Rent
$1,570
Total Return
$94,107
Annualized Return
29.4%
Cap Rate
8.0%
Gross Yield
12.6%
Cash Flow
$2,960
Appreciation
8.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
10,000
HOA
None
Flood Risk
Not Required
Adorable Move-In Ready Home in Popular Colonial Acres! This 2 Bedroom 1 Bath Home Offers A Fully-Equipped Kitchen With Plenty of Counter Space, Cabinets and Pantry, Also has a Gas Line in Kitchen for Gas Stove, a Separate Area for Washer and Dryer. Hardwood floors in Living Room, Dining Room, & Bedrooms. Updated Bath w/ Double Sinks, Single Carport & Extra Parking Pad for 2nd Car, Cute Covered Front Porch, Huge Back Yard for your Pups and Storage Building, New Roof (2020), New Windows (2018)
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$17,898Expenses
-$4,017Property Taxes
-$2,820Loan Payments
-$8,100Net Cash Flow
$2,960See 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:Vicki Gandee
Agent License 314046
Crye-Leike, Inc., REALTORS
Agent License 314046
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 #10177735
Last Updated: 07/26/2024 05:07
MLS #10177735
Last Updated: 07/26/2024 05:07