$29,000
3623 Dumas St., Memphis, TN 38127
Current Rent **
$600
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Low
SFH Rental Investment in Memphis, TN (15% Return)
Don't miss out on this great cash flowing deal in Memphis, TN!
This is a 3/1 875 sq ft. wood frame home built in 1952. Retail value is estimated at about $49,000 with a $695/mo rental rate. It has been updated and has a new tenant on a one year lease at $600/mo.
At the asking price of $29,000, this averages out to almost an 18% CAP rate!
Reach out to Jonathan at 901-290-7827 or by email to [email protected] for more information!
Location:
3623 Dumas St., Memphis, TN 38127
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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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