$69,000
4214 Cedartree DR, Memphis, TN 38141
Current Rent **
N/A
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Very High
Rent Ready SFR property in Memphis, Tn 38141 (Hickory Hill)
This property is ideal for an investor looking to add to their portfolio in Memphis, TN or an investor buying their first property. All the work has been done with new roof, new carpet throughout, new interior paint, new exterior paint and rotted wood replaced, new fixtures and new dishwasher. This home is located in 38141 which is a favorite zip for investors in Memphis. This one will always be easy to rent due to the location and it is a stand alone unit. It is located within walking distance to elementary school and minutes from middle and high schools. This property should rent for $800-$825 easily. All this home needs is a property manager and tenant and watch the cash flow come in!
Get in on this hot property before it goes in MLS. It will sell fast at this price and in this location! Here are some recent sales and an active comp in the same subdivision:05/01/2018 ~4199 Hickory Grove~2br/1.5a ~1281sf~ sold for $75,00004/30/2018~5984 Mapletree Cove~3br/2ba~1544sf~ sold for $76,00009/10/2018~6001 Cedarcrest Ct~3br/2ba~1556sf~ sold for $79,900Active comp~4221 Cedartree St~2br/2ba~1,377sf~Listed at $74,000
Location:
4214 Cedartree DR, Memphis, TN 38141
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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