3151 Craig St

Memphis, TN 38118
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3 bd, 2 ba | 1,320 sqft | Built in 1961

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List Price
$103,500

Initial Investment

$27,939

Purchase Price

$101,000

Down Payment

25%

Rent

$975

Total Return

$62,399

Annualized Return

27.8%

Cap Rate

7.1%

Gross Yield

11.6%

Cash Flow

$1,175

Appreciation

9.4%
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Features

Occupancy

Occupied

Lease Start

06/01/2019

Lease End

06/30/2021

Lot Size

8,438

HOA

None

Flood Risk

Not Required

  • Attractive 3 bed 2 bath with carport
  • Seller confirmed August rent received

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Annual Financial Highlights

Expected Rent

$11,115

Expenses

-$2,949

Property Taxes

-$1,500

Loan Payments

-$5,491

Net Cash Flow

$1,175

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