876 Fields Rd

Memphis, TN 38109
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3 bd, 1 ba | 1,008 sqft | Built in 1935

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List Price
$49,500

Initial Investment

$48,886

Purchase Price

$47,500

Down Payment

100%

Rent

$725

Total Return

$45,330

Annualized Return

16.1%

Cap Rate

10.7%

Gross Yield

18.3%

Cash Flow

$4,593

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

07/01/2020

Lease End

06/30/2021

Lot Size

16,000

HOA

None

Flood Risk

Not Required

  • < $700 in immediate repair costs
  • 20 minutes to downtown Memphis
  • Memphis is home to FedEx World Hub and AutoZone and International Paper's Headquarters (All Fortune 1000 Companies)
  • Seller open to financed offers as well

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$8,265

Expenses

-$2,872

Property Taxes

-$800

Loan Payments

$0

Net Cash Flow

$4,593

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