2240 Cassie Ave
Memphis, TN 38127
List Price
$115,900
Initial Investment
$31,583Purchase Price
$115,900
Down Payment
25%
Rent
$940
Total Return
$69,777
Annualized Return
27.0%
Cap Rate
6.5%
Gross Yield
9.7%
Cash Flow
$672
Appreciation
9.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,780
HOA
None
Flood Risk
Not Required
Wonderful brick 3 bedroom home in 38127 with covered parking. Home was recently rehabbed & it is in move-in condition. Home has new flooring, new paint, large backyard, & well located. Could be a great primary residence or investment property. This home qualifies for special 100% financing thru Pinnacle Bank. FHA/VA/ Conventional offers welcome. ONLINE VIDEO AVAILABLE. Seller willing to provide a home warranty or help with closing costs with acceptable offer. Seller also selling other homes!
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$10,716Expenses
-$2,093Property Taxes
-$1,650Loan Payments
-$6,301Net Cash Flow
$672See 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: 05/13/2024 21:05
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Last Updated: 05/13/2024 21:05