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Investment @property Directory

Great Invesetment Property!

Residential Income Property (Single Family Rental)

Listing Expired 9 months ago

List Price:

$79,900

XXXX Clearbrook
Memphis, Tennessee 38118 Get Map


Built 1963
Posted June 07, 2011



Description:

Here is another outstanding home located in the Parkway Village area of town. This home has wonderful curb appeal and should have no problem renting quickly to quality tenants. With just over 1,600 square feet, this home contains a significant amount of gross living area for a house that is a three bedroom with one and a half baths. Located on a nicely shaded lot, this property is a prospective tenants dream and will no doubt be the nicest home on the street once rehab is complete.

For an investor using leverage, this home can offer a stunning return of 20%+ and allowing cash flow in the neighborhood of $250-$325 per month. For an investor paying cash or using a SDIRA, this home has the potential to offer double digit returns for many years.