4347 N Cherry Creek Ln

Memphis, TN 38141
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3 bd, 2 ba | 1,264 sqft | Built in 1985

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List Price
$148,625

Initial Investment

$37,469

Purchase Price

$137,500

Down Payment

25%

Rent

$1,060

Total Return

$58,620

Annualized Return

20.5%

Cap Rate

5.5%

Gross Yield

9.3%

Cash Flow

-$506

Appreciation

7.7%
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Features

Occupancy

Occupied

Lease Start

09/26/2014

Lease End

09/30/2022

Lot Size

8,189

HOA

None

Flood Risk

Not Required

  • Long-term tenant
  • Below market rent
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MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$12,084

Expenses

-$3,014

Property Taxes

-$2,100

Loan Payments

-$7,475

Net Cash Flow

-$506

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