3864 Hobson Rd

Memphis, TN 38128
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3 bd, 2 ba | 2,280 sqft | Built in 1978

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List Price
$134,500

Initial Investment

$36,651

Purchase Price

$134,500

Down Payment

25%

Rent

$1,790

Total Return

$105,896

Annualized Return

36.3%

Cap Rate

10.2%

Gross Yield

16.0%

Cash Flow

$5,385

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

16,988

HOA

None

Flood Risk

Not Required

Great rental potential. Large lot with spacious 3 bedrooms, 2 baths.Newly updated kitchen, owner's bathroom and hallway bathroom. Recently replaced HVAC, electrical wiring, plumbing, and roof. Well-maintained and move-in ready. Could start generating revenue immediately. Sold AS-IS. Cash Only, Seller will not make repairs.

MARKETS

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NEIGHBORHOOD

SCHOOLS

N/A

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

Annual Financial Highlights

Expected Rent

$20,406

Expenses

-$5,259

Property Taxes

-$2,450

Loan Payments

-$7,312

Net Cash Flow

$5,385

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:Danielle Adkins
Agent License 360292
Harris Realty Services
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10170057
Last Updated: 04/19/2024 23:04
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