3518 Mountain Terrace St

Memphis, TN 38127
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3 bd, 1 ba | 1,000 sqft | Built in 1951

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List Price
$109,900

Initial Investment

$29,948

Purchase Price

$109,900

Down Payment

25%

Rent

$974

Total Return

$66,308

Annualized Return

27.1%

Cap Rate

6.5%

Gross Yield

10.6%

Cash Flow

$664

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Lot Size

10,550

HOA

None

Flood Risk

Not Required

INVESTOR SPECIAL!! Cash flowing opportunity right now! Occupied at $1518 with a Section 8 tenant. This will be a great addition to any rental portfolio!

See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$11,104

Expenses

-$2,791

Property Taxes

-$1,674

Loan Payments

-$5,975

Net Cash Flow

$664

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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Listing Courtesy of:Dean Harris
Agent License 262278
CrestCore Realty
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10154157
Last Updated: 09/15/2023 16:09
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