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
Edit signature 1
4416 Bradcrest Cv, Memphis, TN 38128
*The cap rate and cash on cash return calculations found on BiggerPockets Listings are designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. 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.
Only paying BiggerPockets members can do this!
Upgrade your account to a Plus or Pro membership to finish uploading your listing.
Pro Marketplace Benefits
- List up to 2 properties a day under Real Estate Listing
- Re-port your Real Estate Listing every 5 days
- Create job & buying ads in the Marketplace
Additional Pro Benefits
- Unlimited use & access to Rental Property Calculator
- Over $5,000 worth of discounts in Pro Perks
- Access to 50 states & DC landlord forms
- Forum Keyword Alerts
- And more!