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
$110,000

Initial Investment

$29,975

Purchase Price

$110,000

Down Payment

25%

Rent

$1,387

Total Return

$77,313

Annualized Return

32.3%

Cap Rate

8.8%

Gross Yield

15.1%

Cash Flow

$2,956

Appreciation

9.4%
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Features

Occupancy

Occupied

Lease Start

07/01/2019

Lease End

07/31/2021

Property Type

Duplex

Lot Size

10,592

HOA

None

Flood Risk

Not Required

  • Duplex Property
  • Both units are occupied and both tenants are section 8
  • Get more insight into this market here

See more in Analysis

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Annual Financial Highlights

Expected Rent

$15,812

Expenses

-$4,976

Property Taxes

-$1,900

Loan Payments

-$5,980

Net Cash Flow

$2,956

See more in Financials

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