2956 Lake Park Rd
Memphis, TN 38127
List Price
$119,000
$6K
Initial Investment
$32,428Purchase 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%
Reset to DefaultEdit Assumptions
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
$12,540Expenses
-$2,620Property Taxes
-$2,250Loan Payments
-$6,469Net Cash Flow
$1,201See 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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SourceMemphis Area Association of Realtors
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Last Updated: 10/08/2023 17:10
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Last Updated: 10/08/2023 17:10