3116 Domar St

Memphis, TN 38118
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3 bd, 2 ba | 1,563 sqft | Built in 1971

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Curb View
List Price
$120,000

Initial Investment

$31,324

Purchase Price

$114,950

Down Payment

25%

Rent

$1,100

Total Return

$69,817

Annualized Return

27.5%

Cap Rate

6.9%

Gross Yield

11.5%

Cash Flow

$1,021

Appreciation

9.4%
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Features

Occupancy

Occupied

Lease Start

03/16/2021

Lease End

05/31/2022

Lot Size

8,276

HOA

None

Flood Risk

Not Required

  • Large Eat-in Kitchen
  • New Flooring
  • New Tile Showers
  • New A/C unit installed in July/Aug 2021.
  • Central HVAC
  • Covered Carport
  • Large Fenced Backyard
  • Tenant is section 8
  • Get more insight into this market here

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$3,369

Property Taxes

-$1,900

Loan Payments

-$6,249

Net Cash Flow

$1,021

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