3615 Academy Rd

Portland, TN 37148
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3 bd, 3 ba | 1,542 sqft | Built in 1959

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List Price
$315,000

Initial Investment

$85,838

Purchase Price

$315,000

Down Payment

25%

Rent

$2,240

Total Return

$233,981

Annualized Return

30.9%

Cap Rate

6.3%

Gross Yield

8.5%

Cash Flow

$1,816

Appreciation

11.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

Welcome to 3615 Academy Rd! This home has a lot to offer and even more potential! Sitting on 1.63 acres, having 3 bedrooms, 2.5 bathrooms, garage, carport, a bonus room, wrap around back deck and partially finished 1500+ sq ft basement with a half bath it is impossible to beat!! Roof is less than 10 years old, HVAC is 5 years old and water heater is brand new! Don't miss out on this amazing opportunity at an incredible price!!

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$25,536

Expenses

-$4,545

Property Taxes

-$2,050

Loan Payments

-$17,125

Net Cash Flow

$1,816

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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Listing Courtesy of:Adam Hanes
Agent License 349713
RE/MAX Choice Properties
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceRealTracs
MLS #2760775
Last Updated: 11/18/2024 14:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.