17% Cash on Cash Return - $16,200 Down - Turnkey Rental Property
We have another rental property available in Memphis. This property is currently rented out for $750/mo. The property has a brand new 30-year roof and new heating system in place!
Purchase Price$67,500
Current Rent | $750 |
Cap Rate | 9% |
Cash on Cash Return* | 17% |
Net Cash Flow Per Month* | $235 |
Initial Investment | $16,200 |
*Assuming 20% down with a loan at 5% interest for 30 years.
Property Information
Current Status | Tenanted |
---|---|
Lease Start Date | 06/08/2018 |
Lease End Date | 06/09/2020 |
Utilities | Paid by Tenant |
HOA | None |
Let me know if you would like financials and I can send them over.
Thank you.
Offering