4788 Royal Elm Cv

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

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List Price
$66,000

Initial Investment

$17,798

Purchase Price

$64,000

Down Payment

25%

Rent

$750

Total Return

$44,029

Annualized Return

30.9%

Cap Rate

8.5%

Gross Yield

14.1%

Cash Flow

$1,432

Appreciation

9.6%
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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

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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

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