2999 Allshore St

Memphis, TN 38118

Part of 2 Property Portfolio || Memphis, TN

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3 bd, 1 ba | 1,070 sqft | Built in 1958

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For Sale

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List Price
$115,000

$5K

Initial Investment

$31,338
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$115,000

Down Payment

25%

Rent

$930

Total Return

$64,209

Annualized Return

25.1%

Cap Rate

5.9%

Gross Yield

9.7%

Cash Flow

-$40

Appreciation

9.4%
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Features

Occupancy

Occupied

Lease Start

12/26/2020

Lease End

11/30/2022

Lot Size

10,500

HOA

None

Flood Risk

Not Required

  • Get more insight into this market here
  • 1-story brick home with a welcoming front yard, a carport with plenty of off-street parking, and back patio
  • 3 bedrooms / 1 bath home
  • Located close to multiple schools, parks, markets and restaurants
  • Long term tenant in place

See more in Analysis

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Annual Financial Highlights

Expected Rent

$10,602

Expenses

-$2,690

Property Taxes

-$1,700

Loan Payments

-$6,252

Net Cash Flow

-$40

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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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