$45,000
4416 Bradcrest Cv, Memphis, TN 38128
Current Rent **
$750
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Very High
SFH Rental Investment in 38128 Memphis, TN (15% ROI)
Contract for Assignment -
Don't miss out on this opportunity to own a positive cash flowing property in Memphis, TN! This is a 3/2 1134 sq ft. brick home w/ covered carport in rent ready condition that was built in 1972. It is has been recently renovated by the owner and is currently occupied at $750/mo with a long term tenant on a one year lease. Estimated market value of $70,000. Estimated rental rate of $750/mo. At the current rent rate and asking price, this averages to about a 15% cap rate after management fees, taxes and insurance. Priced for assignment at $45,000. Recent Comps:3357 Keystone Ave. Memphis, TN 38128 - Sold $74,000 on 12/06/184395 Davidcrest Dr. Memphis, TN 38128 - Sold $71,000 on 7/2/20183189 Ridgemont Rd. Memphis, TN 38128 - Sold $73,900 on 09/25/18 Contact Jonathan at [email protected] or at 901-290-7827.Jonathan McGeePyramid City Invest, LLC
901-290-7827
http://www.pyramidcityinvest.com
[email protected]
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4416 Bradcrest Cv, Memphis, TN 38128
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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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