5012 Depanne Rd

Memphis, TN 38116
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3 bd, 1.5 ba | 1,661 sqft | Built in 1961

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For Sale

Exclusive

List Price
$155,000

Initial Investment

$42,238
Pre-approval letter or proof of funds required.

$

about the purchase process.
Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

10,800

HOA

None

Flood Risk

Not Required

  • Vacant property
  • Get more insight into this market here
  • 3 bedroom / 1.5 bath with attached one car garage
  • Attractive cap rate and potential cash flow
  • Centrally located to multiple parks, schools, malls and restaurants
  • Owner recently completed the following repairs: Trimmed trees surrounding home, interior cleaning of whole home, new interior paint, pest control, dry wall repairs, new screens installed, refinished bathrooms, and new blinds installed
See more in Analysis

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Annual Financial Highlights

Expected Rent

$15,960

Expenses

-$3,880

Property Taxes

-$2,200

Loan Payments

-$8,427

Net Cash Flow

$1,453

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

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

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