2956 Lake Park Rd

Memphis, TN 38127
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3 bd, 2 ba | 1,107 sqft | Built in 1998

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List Price
$119,000

$6K

Initial Investment

$32,428

Purchase Price

$119,000

Down Payment

25%

Rent

$1,100

Total Return

$74,355

Annualized Return

28.1%

Cap Rate

7.0%

Gross Yield

11.1%

Cash Flow

$1,201

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,600

HOA

None

Flood Risk

Not Required

Check out this well maintained and MOVE IN READY 1990s home in a family friendly neighborhood. This 3 bedroom, 2 bath, Apx 1100 sq ft home is just waiting for the right buyer to come along. GREAT investment opportunity! Ready for renters NOW, no renovations needed. Located in Frayser only a few minutes from the Frayser Village Shopping Center. The primary bedroom with its private bath and spacious tub is a major draw, as well as the separate laundry room. Set up a showing today!

See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$2,620

Property Taxes

-$2,250

Loan Payments

-$6,469

Net Cash Flow

$1,201

See 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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Listing Courtesy of:Zachary El-Oqlah
Agent License 373933
Green Bee Real Estate
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10156995
Last Updated: 10/08/2023 17:10
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