4280 Old Allen Rd

Memphis, TN 38128
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5 bd, 1.5 ba | 1,734 sqft | Built in 1937

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List Price
$110,000

Initial Investment

$29,975

Purchase Price

$110,000

Down Payment

25%

Rent

$1,320

Total Return

$78,123

Annualized Return

32.3%

Cap Rate

8.7%

Gross Yield

14.4%

Cash Flow

$2,806

Appreciation

9.6%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

16,625

HOA

None

Flood Risk

Not Required

Rare 5 Bedroom 1 & a half bathroom home in Raleigh area. This home could be a great primary residence or investment property and is across the street from an elementary school. Market rent could be over $1500 once fully rehabbed. Mostly Brick, Large Home with covered parking, big back yard, Lots of updates and repairs have been made over the years. ONLINE VIDEO AVAILABLE UPON REQUEST. This home is also near the new Amazon & Nike Facilities! Roof is less than 6 years old.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$15,048

Expenses

-$4,261

Property Taxes

-$2,000

Loan Payments

-$5,980

Net Cash Flow

$2,806

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

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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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Similar Listings



Listing Courtesy of:Tyler Tapley
Agent License 296080
Crye-Leike, Inc., REALTORS
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10168690
Last Updated: 03/26/2024 20:03
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