4788 Royal Elm Cv
Memphis, TN 38128
Sold
Exclusive
List Price
$66,000
Initial Investment
$17,798Features
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
Annual Financial Highlights
Expected Rent
$8,550Expenses
-$2,639Property Taxes
-$1,000Loan Payments
-$3,479Net Cash Flow
$1,432See 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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