289 Charter Ave-Memphis-38109, Shelby

289 Charter Ave

Memphis, TN 38109

3 bd, 1 ba | 900 sqft | Built in 1960

List Price

$65,000

Initial Investment

$17,499

Purchase Price

$63,500

Down Payment

25%

Rent

$700

Total Return

$39,360

Annualized Return

28.9%

Cap Rate

8.2%

Gross Yield

13.2%

Cash Flow

$1,280

Appreciation

8.8%

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Features

Occupancy

Vacant

Lot Size

8,500

HOA

None

Flood Risk

Not Required

MARKETS

NEIGHBORHOOD

SCHOOLS

See more in Analysis

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Annual Financial Highlights

Expected Rent

$7,980

Expenses

-$2,348

Property Taxes

-$900

Loan Payments

-$3,452

Net Cash Flow

$1,280

See more in Financials

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