2632 New Raleigh Rd

Memphis, TN 38128
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3 bd, 1 ba | 1,716 sqft | Built in 1948

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List Price
$90,000

Initial Investment

$20,438

Purchase Price

$75,000

Down Payment

25%

Rent

$850

Total Return

$49,979

Annualized Return

30.1%

Cap Rate

7.8%

Gross Yield

13.6%

Cash Flow

$1,294

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

02/22/2021

Lease End

02/28/2022

Lot Size

48,744

HOA

None

Flood Risk

Not Required

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$3,018

Property Taxes

-$1,300

Loan Payments

-$4,077

Net Cash Flow

$1,294

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