3240 Forest Brook Dr

Memphis, TN 38118
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6 bd, 4 ba | 2,505 sqft | Built in 1967

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List Price
$85,000

Initial Investment

$82,545

Purchase Price

$80,000

Down Payment

100%

Rent

$1,337

Total Return

$79,447

Annualized Return

16.5%

Cap Rate

10.8%

Gross Yield

20.1%

Cash Flow

$7,693

Appreciation

9.4%
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Features

Occupancy

Month To Month

Lease Start

01/01/2012

Lease End

M/M

Property Type

Duplex

Lot Size

10,592

HOA

None

Flood Risk

Not Required

  • All units are currently occupied
  • Duplex features two 3BD/2BA units
  • Easy access to I-240
  • Convenient to schools, services, airport, many parks

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Annual Financial Highlights

Expected Rent

$15,242

Expenses

-$5,671

Property Taxes

-$1,878

Loan Payments

$0

Net Cash Flow

$7,693

See more in Financials

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