5008 Depanne Rd

Memphis, TN 38116
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3 bd, 1.5 ba | 1,114 sqft | Built in 1960

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List Price
$74,900

Initial Investment

$21,248

Purchase Price

$69,750

Down Payment

25%

Rent

$860

Total Return

$44,450

Annualized Return

28.2%

Cap Rate

9.1%

Gross Yield

14.8%

Cash Flow

$1,960

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

04/25/2019

Lease End

04/27/2020

Lot Size

11,129

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • Leased through 4/27/2020
  • Tenant responsible for all utilities
  • Close to schools, shopping, and dining

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,804

Expenses

-$2,952

Property Taxes

-$1,100

Loan Payments

-$3,792

Net Cash Flow

$1,960

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