449 Fernwood Ave

Memphis, TN 38106
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5 bd, 2.5 ba | 2,040 sqft | Built in 1950

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List Price
$139,900

Initial Investment

$38,123

Purchase Price

$139,900

Down Payment

25%

Rent

$1,020

Total Return

$58,742

Annualized Return

20.2%

Cap Rate

5.3%

Gross Yield

8.7%

Cash Flow

-$714

Appreciation

7.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,500

HOA

None

Flood Risk

Not Required

INVESTORY ONLY! Tenant occupied and professionally managed home. This could be a great addition to your investment portfolio. Currently rent for $1470/mo with a $1395 deposit on file. Lease ends 3/31/26. Large home. Many homes in this area are being rehabbed and sold for more money. Lease, ledger, and payment/repair history are available upon request. Do not approach or disturb tenant. No showings without an accepted offer. No wholesalers, no assignment, no seller finance or creative finance. Seller is also has 1675 Haywood & 3245 Sinclair (can buy these houses in bulk or individually).

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$11,628

Expenses

-$2,186

Property Taxes

-$2,550

Loan Payments

-$7,606

Net Cash Flow

-$714

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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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 #10194334
Last Updated: 04/21/2025 14:04
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