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Rented about 1 year ago

$149,900

3 bd 2 ba 1198 sqft

1204 Margaret Rd, Memphis, TN 38109

Residential SFR Off MLS

Current Rent **

$1,500

Projected Rent **

$1,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Agent Owned/ 1% Rule Rental/Memphis, TN

Was rented for $1600/month from August 2022 - August 2023 and then I rented it again for $1500/month from August 2023 - July 2025 (Lease is actually to August but the tenant is moving out end of this month and paid his rent up to complete the lease and is delivering keys on July 1st).

Pictures, comps, market rents, rent ledger (Shows rented above market all 3 years), and MAAR Data info in the google drive ---> https://drive.google.com/drive/folders/1XOaSt7V9AvKotXbl6JVmmf1urgHn1bBs?usp=drive_link

It will be delivered vacant but the tenant is still there and if I need to show it I will need to give a 24 hour notice right now. The tenant moves out at the end of the month.

Let me know if you have any questions.

Location:

1204 Margaret Rd, Memphis, TN 38109

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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.