742 Cumberland Cv
Southaven, MS 38671
Open House 19h : 23m : 43s
Open House Price
$210,000
Initial Investment
$59,373$
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
Annual Financial Highlights
Expected Rent
$21,375Expenses
-$5,122Property Taxes
-$1,500Loan Payments
-$11,417Net Cash Flow
$3,336See 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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