1296 Elkwood Rd

Memphis, TN 38111
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2 bd, 2 ba | 1,180 sqft | Built in 1975

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List Price
$100,000

Initial Investment

$29,597

Purchase Price

$90,000

Down Payment

25%

Rent

$900

Total Return

$38,337

Annualized Return

19.1%

Cap Rate

7.3%

Gross Yield

12%

Cash Flow

$1,166

Appreciation

7.2%
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Features

Occupancy

Month To Month

Lease Start

07/17/2012

Lease End

M/M

Lot Size

7,500

HOA

None

Flood Risk

Not Required

  • Tenant is section 8
  • Get more insight into this market here
  • AS-IS since seller lives overseas and unable to coordinate all the repairs right now. Willing to negotiate

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Annual Financial Highlights

Expected Rent

$10,260

Expenses

-$2,801

Property Taxes

-$1,400

Loan Payments

-$4,893

Net Cash Flow

$1,166

See more in Financials

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