1477 Patton St
Memphis, TN 38106
List Price
$69,500
Initial Investment
$19,544$
about the purchase process.
Features
Occupancy
Occupied
Lease Start
07/24/2020
Lease End
07/31/2022
Lot Size
2,700
HOA
None
Flood Risk
Not Required
- Excellent cap rate, annual cash flow and market appreciation
- At market rent, it is above 1% rule for rent and listing price.
- 1% rule is met at current rent to listing price
See more in Analysis
Annual Financial Highlights
Expected Rent
$8,550Expenses
-$2,533Property Taxes
-$1,000Loan Payments
-$3,778Net Cash Flow
$1,239See more in Financials
Property Characteristics
Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
- This property will be professionally inspected before closing.
- You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
- Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
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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