4708 Crestfield Rd

Millington, TN 38053
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3 bd, 2 ba | 1,232 sqft | Built in 1991

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List Price
$113,500

Initial Investment

$30,929

Purchase Price

$113,500

Down Payment

25%

Rent

$1,010

Total Return

$63,126

Annualized Return

25.8%

Cap Rate

6.7%

Gross Yield

10.7%

Cash Flow

$842

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

09/06/2019

Lease End

09/05/2020

Lot Size

8,100

HOA

None

Flood Risk

Not Required

  • Pet fee included in monthly rent of $25
  • Filter Delivery fee included in monthly rent of $10
  • Attractive 3 bed/ 2 bathroom with covered front porch
  • Tree-lined streets with open space behind the property
  • No immediate repairs costs. Seller had water heater and siding repairs done post-inspection, invoice included in Diligence Documents.

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Annual Financial Highlights

Expected Rent

$11,514

Expenses

-$2,902

Property Taxes

-$1,600

Loan Payments

-$6,170

Net Cash Flow

$842

See more in Financials

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