309 Inwood Dr

Memphis, TN 38109
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3 bd, 2 ba | 1,316 sqft | Built in 1966

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Curb View
List Price
$74,900

Initial Investment

$20,472

Purchase Price

$70,000

Down Payment

25%

Rent

$895

Total Return

$45,135

Annualized Return

29.3%

Cap Rate

9.1%

Gross Yield

15.3%

Cash Flow

$1,962

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

04/01/2020

Lease End

03/31/2021

Lot Size

9,815

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Minimal repairs need to be rent ready
  • 20 min to downtown
  • Corner lot with large yard
  • April Rent has been paid. See ledger in diligence vault

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$10,203

Expenses

-$3,235

Property Taxes

-$1,200

Loan Payments

-$3,806

Net Cash Flow

$1,962

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