2970 Charlestowne Pl

Memphis, TN 38115
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2 bd, 2 ba | 1,016 sqft | Built in 1983

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List Price
$79,500

Initial Investment

$18,990

Purchase Price

$68,000

Down Payment

25%

Rent

$795

Total Return

$40,470

Annualized Return

27.5%

Cap Rate

7.9%

Gross Yield

14.0%

Cash Flow

$1,145

Appreciation

8.7%
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Features

Occupancy

Occupied

Lease Start

09/26/2015

Lease End

09/30/2019

Lot Size

3,624

HOA

None

Flood Risk

Not Required

  • New furnace and AC to be installed as a condition of closing

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Annual Financial Highlights

Expected Rent

$9,063

Expenses

-$2,721

Property Taxes

-$1,500

Loan Payments

-$3,697

Net Cash Flow

$1,145

See more in Financials

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