4060 Twin Lakes Dr

Memphis, TN 38128
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3 bd, 2.5 ba | 2,511 sqft | Built in 1964

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List Price
$209,900

Initial Investment

$57,198

Purchase Price

$209,900

Down Payment

25%

Rent

$1,490

Total Return

$115,600

Annualized Return

24.4%

Cap Rate

5.3%

Gross Yield

8.5%

Cash Flow

-$950

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

10,500

HOA

None

Flood Risk

Not Required

Here's your opportunity to own a spacious home in Raleigh. Great renovated home to grow in. Nice established neighborhood. On the bottom level...Living room, Dining room & spacious kitchen and nice spacious extra room that could be used as an office or a den. 3 spacious bedrooms located on the 2nd floor. Original hardwood flooring in the home. No carpet. Spacious backyard. This one will not last long. Send all offer s immediately!!

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NEIGHBORHOOD

SCHOOLS

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Christopher Stjernholm
Trelora Realty, Inc.
AZ Agent License #359852

Annual Financial Highlights

Expected Rent

$16,986

Expenses

-$3,625

Property Taxes

-$2,900

Loan Payments

-$11,411

Net Cash Flow

-$950

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:Francyetta Seward
Agent License 275634
Patterson Homes Real Estate Co
Certified Agent Brokerage:Christopher Stjernholm
Trelora Realty, Inc.
AZ Brokerage License BR689329000
SourceMemphis Area Association of Realtors
MLS #10168604
Last Updated: 03/25/2024 17:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.