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Sold over 5 years ago

$59,802

3 bd 2 ba

Main , Memphis , TN 38106

Residential SFR

Current Rent **

$3,825

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

PASSIVE INCOME from $3,825 in Rent: Contract for Assignment: $59,802 for 3 Duplexes & 1 SFR in Memphis, TN 38106 & 38108 (South Memphis & Hollywood)

PASSIVE INCOME from $3,825 in Rent: Contract for Assignment: $59,802 for 3 Duplexes & 1 SFR in Memphis, TN 38106 & 38108 (South Memphis & Hollywood)

1628 S Main St, Memphis, TN 38106
1305 Latham St, Memphis, TN 3810
1432 Springdale St, Memphis, TN 38108
1607 Ely St, Memphis, TN 38106

Inspection & Offers:

Contact us for more information & to schedule inspections.
Must receive Proof of Funds & $1,000 earnest money to assign my contract to you.
Assignment Price: $59,802

**Realtors & Wholesalers add your fee on top**

Details of House in Purchase Agreement according to homeowner and public information (please do your own due diligence):

Status: Vacant
Types: Duplex (1523 sqft), Duplex (2115 sqft), Duplex (1232 sqft), SFR (925 sqft)
Exterior: Brick
Foundation: Crawl Space
Total Square Feet: 5,784
ARV: $208,600
Rental Estimate: $3,825 a month
Rent Ready Rehab: $107,131 **Due Your Own Due Diligence**
Market Ready Rehab: $133,914 **Due Your Own Due Diligence**
ROI: 15.72% - 18.34%
Owed: Taxes will be paid at closing

Location:

Main , Memphis , TN 38106

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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.