450 Hewlett Rd

Memphis, TN 38109
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3 bd, 1 ba | 1,296 sqft | Built in 1970

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List Price
$64,500

Initial Investment

$63,931

Purchase Price

$62,750

Down Payment

100%

Rent

$750

Total Return

$52,943

Annualized Return

14.3%

Cap Rate

8.2%

Gross Yield

14.3%

Cash Flow

$4,638

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

01/09/2018

Lease End

12/30/2020

Lot Size

8,500

HOA

None

Flood Risk

Not Required

  • 14 minute drive to Memphis International Airport
  • Close to local schools
  • Walking distance to Otis Redding Park

See more in Analysis

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,712

Property Taxes

-$1,200

Loan Payments

$0

Net Cash Flow

$4,638

See more in Financials

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