462 King Ave
Memphis, TN 38109
List Price
$72,000
Initial Investment
$75,719Purchase Price
$74,600
Down Payment
100%
Rent
$850
Total Return
$63,534
Annualized Return
14.5%
Cap Rate
8.2%
Gross Yield
13.7%
Cash Flow
$5,572
Appreciation
8.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
05/03/2019
Lease End
05/31/2020
Lot Size
11,000
HOA
None
Flood Risk
Not Required
- Seller completed all repairs from inspection report
- Attractive cap rate
- Leased through 5/31/2020
- Conveniently located near Downtown Memphis (13min)
See more in Analysis
Annual Financial Highlights
Expected Rent
$9,690Expenses
-$3,118Property Taxes
-$1,000Loan Payments
$0Net Cash Flow
$5,572See more in Financials
Similar Listings