2860 Heber Ave

Memphis, TN 38114
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3 bd, 1 ba | 875 sqft | Built in 1953

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List Price
$70,000

Initial Investment

$18,189

Purchase Price

$66,750

Down Payment

25%

Rent

$695

Total Return

$38,014

Annualized Return

27.0%

Cap Rate

7.6%

Gross Yield

12.5%

Cash Flow

$981

Appreciation

8.4%
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Features

Occupancy

Occupied

Lease Start

05/14/2021

Lease End

05/31/2023

Lot Size

7,540

HOA

None

Flood Risk

Not Required

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$7,923

Expenses

-$2,313

Property Taxes

-$1,000

Loan Payments

-$3,629

Net Cash Flow

$981

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