4788 Royal Elm Cv
Memphis, TN 38128
List Price
$66,000
Initial Investment
$17,798Purchase Price
$64,000
Down Payment
25%
Rent
$750
Total Return
$44,029
Annualized Return
30.9%
Cap Rate
8.5%
Gross Yield
14.1%
Cash Flow
$1,432
Appreciation
9.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
10/16/2019
Lease End
10/31/2020
Lot Size
3,885
HOA
None
Flood Risk
Not Required
- Tenant pays $15/mo that goes towards HVAC maintenance program
- Seller just completed over $3500 in repairs and touch-ups
- Brand new floors in kitchen, laundry and bathrooms
- Attractive cap rate
- April Rent has been paid. See ledger in diligence vault
See more in Analysis
Annual Financial Highlights
Expected Rent
$8,550Expenses
-$2,639Property Taxes
-$1,000Loan Payments
-$3,479Net Cash Flow
$1,432See more in Financials
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