1385 W Shelby Dr
Memphis, TN 38109
List Price
$245,000
Initial Investment
$66,763Purchase Price
$245,000
Down Payment
25%
Rent
$1,250
Total Return
$90,729
Annualized Return
16.7%
Cap Rate
2.9%
Gross Yield
6.1%
Cash Flow
-$6,719
Appreciation
8.8%
Reset to DefaultEdit Assumptions
Features
Lot Size
18,500
HOA
None
Flood Risk
Not Required
NEWLY RENOVATED HOME! Home features all new appliances, floors, fresh paint inside and out, smooth ceilings with recess lighting throughout, all new light fixtures in every room, new ceiling fans with remote in every bedroom, new garage door, new soft close cabinets, new gutters, all new doors and doorknobs with keys, new vanities, tub and shower, toilets in both bathrooms, new sink and faucets new windows all around the entire home, stones conditioned and stained on exterior, and wide base trim
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$14,250Expenses
-$3,200Property Taxes
-$4,450Loan Payments
-$13,319Net Cash Flow
-$6,719See 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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Patterson Homes Real Estate Co
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10148814
Last Updated: 05/26/2023 17:05
MLS #10148814
Last Updated: 05/26/2023 17:05