4891 Summitridge Dr

Memphis, TN 38128

3 bd, 2 ba | 1,252 sqft | Built in 1985

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List Price
$108,500

Initial Investment

$28,613

Purchase Price

$105,000

Down Payment

25%

Rent

$936

Total Return

$64,200

Annualized Return

27.4%

Cap Rate

6.6%

Gross Yield

10.7%

Cash Flow

$725

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

09/01/2019

Lease End

09/30/2021

Lot Size

16,422

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Below market rent
  • Leased through 09/30/2021
  • Get more insight into this market here

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$10,670

Expenses

-$2,737

Property Taxes

-$1,500

Loan Payments

-$5,708

Net Cash Flow

$725

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