1236 Effie Rd

Memphis, TN 38106
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4 bd, 2 ba | 1,441 sqft | Built in 1964

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List Price
$43,900

Initial Investment

$47,173

Purchase Price

$40,500

Down Payment

100%

Rent

$675

Total Return

$30,360

Annualized Return

12.0%

Cap Rate

10.8%

Gross Yield

20%

Cash Flow

$3,915

Appreciation

7.7%
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Features

Occupancy

Occupied

Lease Start

07/31/2019

Lease End

07/31/2020

Property Type

Duplex

Lot Size

7,500

HOA

None

Flood Risk

Not Required

  • Seller completed electrical conduit repair
  • Duplex with both units occupied
  • Meets 1% rule with attractive cap rate

See more in Analysis

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Annual Financial Highlights

Expected Rent

$7,695

Expenses

-$2,980

Property Taxes

-$800

Loan Payments

$0

Net Cash Flow

$3,915

See more in Financials

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