$60,000
1254 Will Scarlet Rd, Memphis , TN 38111
Current Rent **
N/A
Projected Rent **
$995
Estimated Rent †
Estimated Rent Confidence ‡
Very High
Great C Level Rental Property in Memphis
Great opportunity to have an investment home, renovated, for under 100k. The home on Will Scarlet is a 2 bedroom, 1 bath home with a detached garage/workshop in the backyard. Home is in good condition, but has not been updated since the 1970's. Home has central heat (unit looks good) but no central ac. Roof is good and not leaking. Estimated expenditure of 35k to renovate. Currently listed on MLS for $49,900, but already have an offer at $55,000. Our management company, Midsouth Home Rentals - www.rentmsh.com or facebook.com/rentmsh can oversee the renovation and handle all of your management needs.
Location:
1254 Will Scarlet Rd, 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.
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