1677 Sorghum Mill Dr
Cordova, TN 38016
List Price
$115,000
Initial Investment
$32,232Purchase Price
$106,000
Down Payment
25%
Rent
$1,100
Total Return
$65,641
Annualized Return
25.9%
Cap Rate
7.0%
Gross Yield
12.5%
Cash Flow
$1,059
Appreciation
10.0%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
09/01/2018
Lease End
08/31/2019
Lot Size
3,586
HOA
$21/mo
Flood Risk
Not Required
- Attractive 3 BD/2BA attached home
- Built in 1992
- Occupied with lease through 8/31/2019
- Easy access to I-40 and downtown Memphis (19 mi)
See more in Analysis
Annual Financial Highlights
Expected Rent
$12,540Expenses
-$3,718Property Taxes
-$2,000Loan Payments
-$5,763Net Cash Flow
$1,059See more in Financials
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