3044 S Glengarry Rd
Memphis, TN 38128
List Price
$129,000
Initial Investment
$39,118Purchase Price
$127,000
Down Payment
25%
Rent
$1,350
Total Return
$79,707
Annualized Return
26.5%
Cap Rate
7.7%
Gross Yield
12.8%
Cash Flow
$2,114
Appreciation
9.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
06/17/2019
Lease End
06/16/2020
Lot Size
16,150
HOA
None
Flood Risk
Not Required
- Attractive cap rate
- Updated flooring throughout home
- Tree-lined streets
- 17 minutes to University of Memphis
- 8/30/19- seller in process of replacing AC unit
See more in Analysis
Annual Financial Highlights
Expected Rent
$15,390Expenses
-$4,572Property Taxes
-$1,800Loan Payments
-$6,904Net Cash Flow
$2,114See more in Financials
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