3484 Central Ave

Memphis, TN 38111
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4 bd, 3 ba | 2,268 sqft | Built in 1983

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List Price
$275,000

Initial Investment

$74,938

Purchase Price

$275,000

Down Payment

25%

Rent

$2,440

Total Return

$101,717

Annualized Return

18.1%

Cap Rate

4.9%

Gross Yield

10.6%

Cash Flow

-$2,488

Appreciation

7.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,093

HOA

$325/mo

Flood Risk

Not Required

Best $ per sf price for miles around! 2754sf 3 Story home in fabulous walkable location! Very seldom do any of these attached Planned Development homes become available. Multiple Primary Suites + 3rd floor Playroom w/full Bath or 4th BR Suite! Might be used as a rental for University faculty/students or Medical school. Hardwood! New carpet! Fresh paint! Stainless Kitchen w/22 Cabinets & Pantry! HOA includes the termite, yard service, insurance, garbage pickup and MLGW fee except electricity.

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$27,816

Expenses

-$10,404

Property Taxes

-$4,950

Loan Payments

-$14,950

Net Cash Flow

-$2,488

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Similar Listings



Listing Courtesy of:Sheldon Rosengarten
Agent License 53193
Marx-Bensdorf, REALTORS
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10156952
Last Updated: 09/18/2023 18:09
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.