3051 McVay Trail Dr

Memphis, TN 38119
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2 bd, 2.5 ba | 1,248 sqft | Built in 1981

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List Price
$116,000

Initial Investment

$31,338

Purchase Price

$115,000

Down Payment

25%

Rent

$935

Total Return

$47,675

Annualized Return

20.6%

Cap Rate

6.1%

Gross Yield

9.8%

Cash Flow

$234

Appreciation

7.1%
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Features

Occupancy

Occupied

Lease Start

03/01/2020

Lease End

09/30/2022

Lot Size

4,443

HOA

None

Flood Risk

Not Required

  • Monthly rent will increase to $990 effective 10/01/2021 through 09/30/22
  • Get more insight into this market here

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Annual Financial Highlights

Expected Rent

$10,659

Expenses

-$2,673

Property Taxes

-$1,500

Loan Payments

-$6,252

Net Cash Flow

$234

See more in Financials

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