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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List Price
$150,000

$5K

Initial Investment

$40,875

Purchase Price

$150,000

Down Payment

25%

Rent

$1,400

Total Return

$86,044

Annualized Return

26.6%

Cap Rate

7.0%

Gross Yield

11.2%

Cash Flow

$1,508

Appreciation

8.8%
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Features

Occupancy

Vacant

Lease Up Guarantee

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

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Annual Financial Highlights

Expected Rent

$15,960

Expenses

-$4,097

Property Taxes

-$2,200

Loan Payments

-$8,155

Net Cash Flow

$1,508

See more in Financials

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