2005 Sipes Ave

Memphis, TN 38127
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2 bd, 1 ba | 720 sqft | Built in 1957

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List Price
$65,000

Initial Investment

$17,713

Purchase Price

$65,000

Down Payment

25%

Rent

$780

Total Return

$43,881

Annualized Return

30.6%

Cap Rate

8.2%

Gross Yield

14.4%

Cash Flow

$1,271

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

15,000

HOA

None

Flood Risk

High Risk - Zone AE

Recently Renovated 2BR/1BA Home~Beautiful Hardwood Floors~Large Great Room~Spacious Kitchen~2 Large Bedrooms + Renovated Full Bath~Water Heater Replaced 2022~Heating Wall Unit Replaced 2022~Roof Approximately 10-14 Years Old~Currently Rented for $850/Month~Lease Expires 12/31/2024~No Showings Without Accepted Offer

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$8,892

Expenses

-$2,887

Property Taxes

-$1,200

Loan Payments

-$3,534

Net Cash Flow

$1,271

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:Jennifer Carstensen
Agent License 317824
REMAX Experts, LLC
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10169194
Last Updated: 04/02/2024 23:04
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