1347 Harbert Ave
Memphis, TN 38104
List Price
$309,900
$5.1K
Initial Investment
$84,448Purchase Price
$309,900
Down Payment
25%
Rent
$1,770
Total Return
$112,043
Annualized Return
17.0%
Cap Rate
3.8%
Gross Yield
6.9%
Cash Flow
-$5,961
Appreciation
8.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
7,500
HOA
None
Flood Risk
Not Required
This 3 bedroom, 2 bathroom home features a wrap around porch, renovated bathrooms, restored original windows, refinished hardwood floors, large laundry room, new roof, new HVAC, and remote controlled security gate! Move-in ready, eat-in kitchen with original butler's pantry, large dining room for entertaining, and a walk-out basement. Working fireplace, original stained glass front door, a corner-set toilet, and updated lighting. Must see!!
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$20,178Expenses
-$3,592Property Taxes
-$5,700Loan Payments
-$16,848Net Cash Flow
-$5,961See more in Financials
Property Characteristics
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.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
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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Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10169879
Last Updated: 05/09/2024 20:05
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Last Updated: 05/09/2024 20:05