8833 Carrollwood Ln E

Cordova, TN 38016
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4 bd, 3 ba | 2,857 sqft | Built in 1992

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List Price
$339,000

Initial Investment

$92,378

Purchase Price

$339,000

Down Payment

25%

Rent

$2,300

Total Return

$192,540

Annualized Return

24.9%

Cap Rate

5.2%

Gross Yield

8.1%

Cash Flow

-$1,877

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,996

HOA

$29/mo

Flood Risk

Not Required

Carrollwood Lakes in Cordova! Fish from your own backyard and enjoy tranquil water view! 4 Bedrooms/3 Full Baths, 2 Bedrooms Down; Downstairs has beautiful wood plank style tile flooring in living room, kitchen, dining room and downstairs bedrooms for maximum durability and style. Giant sunlight filled sunroom or family room downstairs plus big den with fireplace and formal dining room all overlooking lake. New carpet upstairs and in sunroom. Oversized Laundry Room.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$26,220

Expenses

-$5,017

Property Taxes

-$4,650

Loan Payments

-$18,430

Net Cash Flow

-$1,877

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.
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Similar Listings



Listing Courtesy of:Billy Groome
Agent License 284950
Groome & Co.
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10184887
Last Updated: 11/08/2024 20:11
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