4838 Mistic Lake Dr

Memphis, TN 38128
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4 bd, 2.5 ba | 1,675 sqft | Built in 2007

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List Price
$114,900

Initial Investment

$30,054

Purchase Price

$106,000

Down Payment

25%

Rent

$950

Total Return

$66,930

Annualized Return

27.8%

Cap Rate

7.2%

Gross Yield

10.8%

Cash Flow

$1,351

Appreciation

9.6%
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Features

Occupancy

Month To Month

Lease Start

05/23/2017

Lease End

M/M

Lot Size

6,115

HOA

None

Flood Risk

Not Required

  • Built in 2007
  • Seller to provide $1,169 credit at closing with a qualified offer
  • Opportunity for rent increase
  • 2-Car garage

See more in Analysis

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Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$2,916

Property Taxes

-$800

Loan Payments

-$5,763

Net Cash Flow

$1,351

See more in Financials

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