344 E Shelby Dr

Memphis, TN 38109
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2 bd, 1 ba | 1,104 sqft | Built in 1961

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List Price
$75,379

Initial Investment

$19,590

Purchase Price

$70,000

Down Payment

25%

Rent

$775

Total Return

$40,919

Annualized Return

26.9%

Cap Rate

7.6%

Gross Yield

13.3%

Cash Flow

$1,002

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

10/14/2017

Lease End

10/31/2018

Lot Size

10,727

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$8,835

Expenses

-$2,628

Property Taxes

-$1,400

Loan Payments

-$3,806

Net Cash Flow

$1,002

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