3307 Formosa Rd
Memphis, TN 38109
List Price
$61,500
Initial Investment
$16,795Purchase Price
$60,000
Down Payment
25%
Rent
$725
Total Return
$39,471
Annualized Return
30.6%
Cap Rate
9.1%
Gross Yield
14.5%
Cash Flow
$1,688
Appreciation
8.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
09/06/2019
Lease End
08/31/2020
Lot Size
9,062
HOA
None
Flood Risk
Not Required
See more in Analysis
Annual Financial Highlights
Expected Rent
$8,265Expenses
-$2,615Property Taxes
-$700Loan Payments
-$3,262Net Cash Flow
$1,688See more in Financials
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