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Archived almost 3 years ago

$85,000

3 bd 1 ba 950 sqft

4988 Stacey Rd, Memphis, TN 38109

Residential SFR Off MLS

Current Rent **

N/A

Projected Rent **

$850

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Very High

Turnkey Investment in Memphis

Looking to get your first rental in Memphis or add to your existing portfolio? Look no further. This property has been totally rehabbed and just needs a tenant! Get this deal now before it hits the market next week! This property has new roof, new water tank, furnace and ac unit are less than 7 years old, newly refinished hardwood floors, new tile in bath and kitchen, new attic door, exterior rotted wood replaced, new tub and bathroom vanity, fresh exterior and interior paint, freshly painted exterior stairs and carport floor, new shutters, new wall sockets and plate covers, nickel plated door knobs and hinges and locks throughout, new interior doors, new rear door and rear storm door, new cage on ac unit, new nickel plated fixtures, new blinds, new kitchen cabinets with nickel plated handles, new faucets throughout, and just professionally landscaped!! Property located in Whitehaven area of Memphis and walking distance to Fairley High school and minutes from shopping and the Mississippi state line. This one will be easy to rent!

Location:

4988 Stacey Rd, Memphis, TN 38109

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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.