3313 Margaretta Rd

Memphis, TN 38128
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3 bd, 2 ba | 741 sqft | Built in 1951

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List Price
$64,000

Initial Investment

$56,635

Purchase Price

$55,000

Down Payment

100%

Rent

$695

Total Return

$50,221

Annualized Return

15.1%

Cap Rate

8.7%

Gross Yield

15.2%

Cash Flow

$4,288

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

12/05/2017

Lease End

12/05/2018

Lot Size

17,000

HOA

None

Flood Risk

Not Required

  • Medium 3 bed 2 bath single family home on 17,000 sqft lot
  • High potential for increased rental value
  • 3-star neighborhood next to Fulmer Park, Cunningham Community Center and the Memphis Police Department
  • Property in above average condition
  • Property is currently managed by Roofstock preferred DCC Rentals, LLC

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Annual Financial Highlights

Expected Rent

$7,923

Expenses

-$2,435

Property Taxes

-$1,200

Loan Payments

$0

Net Cash Flow

$4,288

See more in Financials

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