1145 Sledge Ave
Memphis, TN 38104
List Price
$325,000
Initial Investment
$88,563Purchase Price
$325,000
Down Payment
25%
Rent
$2,480
Total Return
$142,176
Annualized Return
20.8%
Cap Rate
5.3%
Gross Yield
9.2%
Cash Flow
-$1,605
Appreciation
8.0%
Reset to DefaultEdit Assumptions
Features
Lot Size
7,500
HOA
None
Flood Risk
Not Required
Video online of this historic Annesdale gem, minutes from the medical district, an HBCU, Downtown/Midtown & Overton Square. I would love this for my own personal Short-Term Rental but I'm giving you 1st opportunity before I change my mind :-) Renovations: New roof, windows, HEAVY IRON gated access to garage/rear Front door, smart locks, HUGE 2 car garage that could be an ADU convert, 4 fireplaces (2 up/2d dn), 3 bed/2 Bath upstairs. 1/2 bath down. 10 ft ceilings, 9in baseboards, accordion/pocket
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$28,272Expenses
-$6,358Property Taxes
-$5,850Loan Payments
-$17,669Net Cash Flow
-$1,605See more in Financials
Buyer's Agent
An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
- Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
- You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
- Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
- Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.
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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Listing Courtesy of:Integrated Assets
Agent License 267657
Integrated Assets
Agent License 267657
Integrated Assets
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10148759
Last Updated: 05/26/2023 05:05
MLS #10148759
Last Updated: 05/26/2023 05:05