4700 Royal Ridge Dr

Memphis, TN 38128
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3 bd, 1 ba | 1,114 sqft | Built in 1972

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List Price
$70,000

Initial Investment

$14,715

Purchase Price

$54,000

Down Payment

25%

Rent

$750

Total Return

$40,399

Annualized Return

34.3%

Cap Rate

9.7%

Gross Yield

16.7%

Cash Flow

$1,763

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

04/15/2019

Lease End

04/30/2020

Lot Size

6,325

HOA

None

Flood Risk

Not Required

  • Attractive Cap Rate
  • Meets 1% Rule
  • Located Northeast of Downtown Memphis

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,851

Property Taxes

-$1,000

Loan Payments

-$2,936

Net Cash Flow

$1,763

See more in Financials

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