3497 Mountain Terrace St

Memphis, TN 38127
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4 bd, 2 ba | 1,110 sqft | Built in 1961

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List Price
$71,000

Initial Investment

$19,531

Purchase Price

$68,500

Down Payment

25%

Rent

$850

Total Return

$47,334

Annualized Return

30.7%

Cap Rate

8.8%

Gross Yield

14.9%

Cash Flow

$1,708

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

07/01/2017

Lease End

06/30/2018

Lot Size

10,710

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$2,992

Property Taxes

-$1,266

Loan Payments

-$3,724

Net Cash Flow

$1,708

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