1477 Patton St

Memphis, TN 38106
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2 bd, 1 ba | 1,008 sqft | Built in 1960

Sale Pending

Exclusive

List Price
$70,000

Initial Investment

$19,075
Features

Occupancy

Occupied

Lease Start

07/24/2020

Lease End

07/31/2022

Lot Size

2,700

HOA

None

Flood Risk

Not Required

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See more in Analysis

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,525

Property taxes

-$1,000

Loan Payments

-$3,008

Net Cash Flow

$2,017

See 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.