2972 S Perkins Rd
Memphis, TN 38118
List Price
$84,900
Initial Investment
$21,969Purchase Price
$79,000
Down Payment
25%
Rent
$895
Total Return
$49,959
Annualized Return
28.5%
Cap Rate
7.7%
Gross Yield
13.6%
Cash Flow
$1,158
Appreciation
9.4%
Reset to DefaultEdit Assumptions
Features
Occupancy
Move-in (within 30 days)
Lease Start
03/29/2019
Lease End
03/31/2020
Lot Size
10,500
HOA
None
Flood Risk
Not Required
- Tenant has provided personal refrigerator and stove
- Seller recently upgraded home with a $20K renovation budget
- Renovations include new roof, furnace, A/C with cage, hot water tank, dishwasher, blinds, carpet, light fixtures, paint, electrical box, and alarm system
- Kitchen and bathroom updates include floors, cabinets, sinks, tile, plumbing, faucets, and hardware
See more in Analysis
Annual Financial Highlights
Expected Rent
$10,203Expenses
-$3,051Property Taxes
-$1,700Loan Payments
-$4,295Net Cash Flow
$1,158See more in Financials
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