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Sold over 1 year ago

$95,000

4 bd 2 ba 2000 sqft

**** Goodlett, Memphis, TN 38111

Residential Duplex Occupied Off MLS

Current Rent **

$1,500

Projected Rent **

$1,650

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $750
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1000 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $750
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 1000 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

Duplex- Turnkey Investment property

Ideal Investment Duplex:

Steady Cash Flow: Current rental income of $1,450/month with potential for rent increases, ensuring a reliable revenue stream.
High ROI: Projected annual ROI of ~13.4% + making this a strong investment choice for those seeking steady income and growth.
Low Property Taxes: Annual taxes of $1,118.43 help keep operating costs low, enhancing your net returns.
Opportunity for Rent Growth: Both units have room for rental increases, allowing you to further enhance your income over time.

This duplex is an excellent investment for those looking to build or expand their portfolio. Act fast to secure this opportunity! Contact us today to learn more.

You said:
Sales price 142K
ChatGPT said:
High-Yield Duplex Investment in Memphis – Priced at $142K
Property Overview:

Property Type: Duplex
Location: Memphis, TN
Unit Layout: 2 Bedrooms, 1 Bath per side
Current Rent: $700 (Unit 1) & $750 (Unit 2)
Total Monthly Rent: $1,450
Annual Taxes: $1,118.43
Asking Price: $142,000
Investment Breakdown:

Metric Details
Projected Annual Rental Income $17,400
Operating Expenses $6,000 (approx.)
Net Operating Income (NOI) $11,400
Cap Rate 8.0%

*No wholesalers on this one.

Location:

**** Goodlett, Memphis, TN 38111

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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.