4788 Royal Elm Cv

Memphis, TN 38128
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3 bd, 2 ba | 1,148 sqft | Built in 1998

Sold

Exclusive

List Price
$66,000

Initial Investment

$17,798
Pre-approval letter or proof of funds required.
Features

Occupancy

Occupied

Lease Start

10/16/2019

Lease End

10/31/2020

Lot Size

3,885

HOA

None

Flood Risk

Not Required

  • Tenant pays $15/mo that goes towards HVAC maintenance program
  • Seller just completed over $3500 in repairs and touch-ups
  • Brand new floors in kitchen, laundry and bathrooms
  • Attractive cap rate
  • April Rent has been paid. See ledger in diligence vault
See more in Analysis

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,639

Property Taxes

-$1,000

Loan Payments

-$3,479

Net Cash Flow

$1,432

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

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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