1349 Longcrest Rd

Memphis, TN 6213
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2 bd, 1 ba | 968 sqft | Built in 1949

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List Price
$87,900

Initial Investment

$23,953

Purchase Price

$87,900

Down Payment

25%

Rent

$940

Total Return

$45,121

Annualized Return

25.9%

Cap Rate

8.2%

Gross Yield

12.8%

Cash Flow

$1,805

Appreciation

7.1%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

20,000

HOA

None

Flood Risk

Not Required

Excellent investment opportunity that comes with a vacant lot right next door (adjacent vacant lot at 0 Longcrest (parcel ID 082052 00057) ! This property has just became vacant, and was previously rented at $995/mo. Good sized fenced in yard. Potentially could be a 3br with a closet addition in the rear mud room. Vacant, easy to show! Selling As-Is. No blind offers. No creative/owner financing offers.

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$10,716

Expenses

-$2,532

Property Taxes

-$1,600

Loan Payments

-$4,779

Net Cash Flow

$1,805

See 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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Similar Listings



Listing Courtesy of:Caleb Parr
Agent License 340494
Renshaw Company, REALTORS
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10194249
Last Updated: 04/22/2025 14:04
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