4006 Newton Dr

Memphis, TN 38109
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3 bd, 1 ba | 992 sqft | Built in 1955

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List Price
$60,000

Initial Investment

$18,003

Purchase Price

$59,700

Down Payment

25%

Rent

$750

Total Return

$38,071

Annualized Return

28.5%

Cap Rate

9.1%

Gross Yield

15.1%

Cash Flow

$1,696

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

03/27/2020

Lease End

03/31/2022

Lot Size

23,304

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Below market rent
  • Leased through 03/31/2022
  • Seller recently made repairs on home, view inspection documents for more info

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,708

Property Taxes

-$900

Loan Payments

-$3,246

Net Cash Flow

$1,696

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