3920 PRESCOTT RD

MEMPHIS, TN 38118
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3 bd, 1 ba | 2,152 sqft | Built in 1951

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List Price
$145,000

Initial Investment

$39,513

Purchase Price

$145,000

Down Payment

25%

Rent

$1,360

Total Return

$90,606

Annualized Return

28.4%

Cap Rate

7.2%

Gross Yield

11.3%

Cash Flow

$1,767

Appreciation

9.4%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

217,800

HOA

None

Flood Risk

Not Required

Welcome home to this lovingly cared-for home tucked away on nearly 5 acres—right in the heart of the city! This charming home blends timeless character w/everyday comfort, starting w/the original hardwood floors throughout. A spacious front porch invites you to sit & enjoy the peaceful surroundings. Step inside to a warm & welcoming Living Room. The dining room is currently being used as another living area—perfect for gathering w/family or friends. The cheerful, updated kitchen is full of personality w/a pop of color, double ovens, floor-to-ceiling cabinets, beadboard ceiling, & classic farmhouse sink. The kitchen opens into a cozy Breakfast Room or Hearth Room featuring a fireplace & windows all around, letting in natural light. Enjoy quiet mornings in the bright & cheerful sunroom, perfect for relaxing or reading a good book. One of the bedrooms features a spacious walk-in closet/storage area. Hosting friends, family is a breeze in the spacious backyard & covered patio.

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

Annual Financial Highlights

Expected Rent

$15,504

Expenses

-$3,264

Property Taxes

-$2,590

Loan Payments

-$7,883

Net Cash Flow

$1,767

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:James Harvey
Agent License 337304
Keller Williams
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10194281
Last Updated: 04/18/2025 01:04
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