1908 Tulsa Ave

Memphis, TN 38127
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3 bd, 1 ba | 1,163 sqft | Built in 1958

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List Price
$54,900

Initial Investment

$55,040

Purchase Price

$52,750

Down Payment

100%

Rent

$858

Total Return

$53,545

Annualized Return

16.7%

Cap Rate

11.2%

Gross Yield

19.5%

Cash Flow

$5,296

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

11/26/2019

Lease End

10/31/2020

Lot Size

9,945

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$9,781

Expenses

-$3,485

Property Taxes

-$1,000

Loan Payments

$0

Net Cash Flow

$5,296

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