1558 Patterson St

Memphis, TN 38111
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4 bd, 1 ba | 1,442 sqft | Built in 1955

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List Price
$140,900

Initial Investment

$38,395

Purchase Price

$140,900

Down Payment

25%

Rent

$1,340

Total Return

$67,959

Annualized Return

24.0%

Cap Rate

7.3%

Gross Yield

11.4%

Cash Flow

$1,826

Appreciation

7.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,200

HOA

None

Flood Risk

Not Required

Great Investment or owner occupant Priced low for quick sale 4 Bedroom Brick home , Large Living room, Den w/Fireplace, (+ Sunroom May not be included in Sq Ft) Beautiful hardwood floors, Built-in kitchen appliances As-Is Sale...Central air, Heating, all systems in good condition Easy to Show...Try cash for quick sale

MARKETS

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NEIGHBORHOOD

SCHOOLS

N/A

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$15,276

Expenses

-$3,240

Property Taxes

-$2,550

Loan Payments

-$7,660

Net Cash Flow

$1,826

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:Anthony Willoughby
Agent License 217964
Germantown Luxury Homes, LLC
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10169804
Last Updated: 04/10/2024 19:04
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