4793 Bridgedale Avenue Memphis, TN 38118
3bd, 2ba | 1,288sqft | Built in 1958
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Initial Investment
$87,853
List Price: $86,500
Purchase Price
$86,500
Down Payment
100%
Rent
$935

Total Return
$35,046
Annualized Return
7.8%
Cap Rate
7.5%
Gross Yield
13.0%
Cash Flow
$5,891
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Month To Month
Lease Start
05/30/2017 
Lease End
M/M
Lot Size
9,975 
HOA
None
Flood Risk
Not Required
  • Month-to-month fee of $85 included in monthly rent
  • Upside potential in rent with ability to renew current tenant
  • 7.5% current cap rate
  • Borders 4-5 star neighborhoods of Germantown and East Memphis

Annual Financial Highlight
Expected Rent
$10,659
Expenses
-$3,068
Property Taxes
-$1,700
Loan Payments
$0

Net Cash Flow
$5,891
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.