3869 Wordsworth Ave

Memphis, TN 38128
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3 bd, 1.5 ba | 1,304 sqft | Built in 1969

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List Price
$85,000

Initial Investment

$20,848

Purchase Price

$75,000

Down Payment

25%

Rent

$850

Total Return

$48,442

Annualized Return

28.8%

Cap Rate

7.7%

Gross Yield

13.6%

Cash Flow

$1,082

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

10/01/2017

Lease End

09/30/2018

Lot Size

8,500

HOA

None

Flood Risk

Not Required

  • <$500 in immediate repairs and <$500 in immediate repairs needed
  • Upside potential in rent, with ability to renew tenant
  • 7% cap rate in 2.5 star Memphis neighborhood

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$2,931

Property Taxes

-$1,600

Loan Payments

-$4,077

Net Cash Flow

$1,082

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