2011 Nellie Road

Memphis, TN 38116
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3 bd, 2 ba | 1,609 sqft | Built in 1964

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Sale Pending

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List Price
$160,000

Initial Investment

$43,600
Pre-approval letter or proof of funds required.

Purchase Price

$160,000

Down Payment

25%

Rent

$1,292

Total Return

$85,095

Annualized Return

24.5%

Cap Rate

6.0%

Gross Yield

9.7%

Cash Flow

$349

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

06/01/2022

Lease End

05/31/2023

Lot Size

11,120

HOA

None

Flood Risk

Not Required

  • 3 bedrooms / 2 bath home
  • Minutes from multiple schools, restaurants, and parks
  • Filter fee included in monthly rent of $10
  • Get more insight into this market here

See more in Analysis

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Annual Financial Highlights

Expected Rent

$14,729

Expenses

-$3,481

Property Taxes

-$2,200

Loan Payments

-$8,698

Net Cash Flow

$349

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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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