1693 Wells Station Rd
Memphis, TN 38108
List Price
$74,999
Initial Investment
$20,437Purchase Price
$74,999
Down Payment
25%
Rent
$1,060
Total Return
$54,390
Annualized Return
35.2%
Cap Rate
10.8%
Gross Yield
17.0%
Cash Flow
$3,302
Appreciation
8.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
7,103
HOA
None
Flood Risk
Not Required
HUGE PRICE REDUCTION !!! 2/1 Rental In Great Condition. Currently has month to month tenant paying $720 a month. Would like to stay. Furnace approx. 2 years old. Property being sold as-is all appliances are tenants. Occupied no entry without accepted offer.
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$12,084Expenses
-$3,355Property Taxes
-$1,350Loan Payments
-$4,077Net Cash Flow
$3,302See 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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Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10194461
Last Updated: 04/22/2025 21:04
MLS #10194461
Last Updated: 04/22/2025 21:04