1585 Waverly Ave

Memphis, TN 38106
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3 bd, 2 ba | 1,563 sqft | Built in 1967

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List Price
$199,900

Initial Investment

$54,473

Purchase Price

$199,900

Down Payment

25%

Rent

$1,420

Total Return

$85,736

Annualized Return

20.6%

Cap Rate

5.4%

Gross Yield

8.5%

Cash Flow

-$681

Appreciation

7.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,850

HOA

None

Flood Risk

Not Required

Great home and great location! This is a large family home perfect for the owner occupant or investor. The home will need some minor work and updated. Seller has priced to sell.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$16,188

Expenses

-$3,251

Property Taxes

-$2,750

Loan Payments

-$10,868

Net Cash Flow

-$681

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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Listing Courtesy of:Stephen Akindona
Agent License 329215
Kairos Realty
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10170265
Last Updated: 04/18/2024 00:04
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