3258 Boone St
Memphis, TN 38127
List Price
$68,500
Initial Investment
$17,177Purchase Price
$62,500
Down Payment
25%
Rent
$750
Total Return
$43,741
Annualized Return
31.7%
Cap Rate
8.7%
Gross Yield
14.4%
Cash Flow
$1,541
Appreciation
9.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
08/01/2019
Lease End
08/31/2020
Lot Size
9,873
HOA
None
Flood Risk
Not Required
- Turnkey rental w/: new roof, water heater, electrical panel furnace, vanity, tile in kitchen, bathroom, and laundry-room, countertops, electrical fixtures, furnace, refinished hardwood floors, interior and exterior paint
- Achieves 1% rule
- Minimal immediate repairs needed
See more in Analysis
Annual Financial Highlights
Expected Rent
$8,550Expenses
-$2,611Property Taxes
-$1,000Loan Payments
-$3,398Net Cash Flow
$1,541See more in Financials
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