4411 Castle Heights Dr

Memphis, TN 38141
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4 bd, 2 ba | 1,786 sqft | Built in 1978

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List Price
$85,000

Initial Investment

$21,600

Purchase Price

$76,000

Down Payment

25%

Rent

$939

Total Return

$38,848

Annualized Return

24.4%

Cap Rate

7.7%

Gross Yield

14.8%

Cash Flow

$1,103

Appreciation

7.7%
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Features

Occupancy

Month To Month

Lease Start

05/12/2014

Lease End

M/M

Lot Size

8,400

HOA

None

Flood Risk

Not Required

  • Seller to replace AC as a contingency of closing
  • Priced below market at $105,000, Roofstock comparable analysis $117,500 - $129,900
  • Long-term tenant with ability to renew

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Annual Financial Highlights

Expected Rent

$10,705

Expenses

-$3,470

Property Taxes

-$2,000

Loan Payments

-$4,132

Net Cash Flow

$1,103

See more in Financials

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