3644 Faxon Ave

Memphis, TN 38122
image0

3 bd, 1 ba | 1,199 sqft | Built in 1942

slider image
slider image
slider image
Sale Pending

Select

Favorite

List Price
$120,000

Initial Investment

$33,700
Pre-approval letter or proof of funds required.

Purchase Price

$120,000

Down Payment

25%

Rent

$1,100

Total Return

$67,328

Annualized Return

26.4%

Cap Rate

7.6%

Gross Yield

11%

Cash Flow

$1,993

Appreciation

8.3%
refreshReset to Default
Edit Assumptions
Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

9,400

HOA

None

Flood Risk

Not Required


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

Ask a Question

Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$3,164

Property Taxes

-$859

Loan Payments

-$6,524

Net Cash Flow

$1,993

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.

Similar Listings