2161 Erie Ave
Memphis, TN 38114
List Price
$75,900
Initial Investment
$20,683Purchase Price
$75,900
Down Payment
25%
Rent
$1,010
Total Return
$50,186
Annualized Return
31.8%
Cap Rate
9.5%
Gross Yield
16.0%
Cash Flow
$2,427
Appreciation
8.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
2,500
HOA
None
Flood Risk
Not Required
Pictures were before tenant moved in. Pictures are virtually staged. 3 bed 1 bath home. 2019 hardwood floors refinished, carpet, window AC units and windows were replaced. Do not disturb tenants. No showings until accepted offer. Tenant is month to month.
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$11,514Expenses
-$3,561Property Taxes
-$1,400Loan Payments
-$4,126Net Cash Flow
$2,427See 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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Last Updated: 09/18/2023 16:09
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Last Updated: 09/18/2023 16:09