742 Cumberland Cv

Southaven, MS 38671
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3 bd, 1.5 ba | 1,474 sqft | Built in 1996

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For Sale

Exclusive

Open House   19h : 23m : 43s

Open House Price
$210,000

Initial Investment

$59,373
Pre-approval letter or proof of funds required.

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

10/09/2021

Lease End

10/08/2022

Lot Size

9,100

HOA

None

Flood Risk

Not Required

  • Property is located just outside of Memphis with a commute of 30 minutes
  • This property is being sold in its current condition with in-place cash flow. All conditions details can be found in the inspection report under the 'Analysis' tab
  • New countertops, flooring, paint, vanities, hot water heater and more
  • Lots of closet space. A car port is attached to the home. Private backyard
  • Pool has received a separate security deposit with bi weekly maintenance being performed by local company
  • Near schools
  • Very attractive current cap rate, cash flow and market appreciation
  • Property comes with a 1-year American Home Shield Shield Gold Warranty,
See more in Analysis

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Annual Financial Highlights

Expected Rent

$21,375

Expenses

-$5,122

Property Taxes

-$1,500

Loan Payments

-$11,417

Net Cash Flow

$3,336

See more in Financials

Property Characteristics

Open House

Open House is a 24-hour period that allows you to make an offer and start negotiating early. This is a new or previously listed property on the marketplace that has been listed while the certification process is being completed. When you make an offer, the seller will respond within 24 hours of the Open House period ending.
  • Access our newest listings: Be the first to view new listings that have just hit our marketplace. These properties will be open to bidding during the 24-hour Open House period.
  • Engage sooner with sellers: Get a leg up on the competition. Open House allows you submit your bid ahead of other marketplace investors and quickly get a response.
  • Tip - Make your bid more competitive: Submitting an offer above the suggested offer price can increase your chances of being accepted by the seller, especially if there are other investors interested in the property.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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