1989 Lauretta Ave

Memphis, TN 38127
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2 bd, 1 ba | 1,008 sqft | Built in 1956

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List Price
$50,000

Initial Investment

$49,770

Purchase Price

$46,000

Down Payment

100%

Rent

$735

Total Return

$44,824

Annualized Return

15.7%

Cap Rate

11.1%

Gross Yield

19.2%

Cash Flow

$4,600

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

10/06/2010

Lease End

03/04/2019

Lot Size

10,484

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$8,379

Expenses

-$2,979

Property Taxes

-$800

Loan Payments

$0

Net Cash Flow

$4,600

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