5013 Melanie Ave

Memphis, TN 38118
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3 bd, 1.1 ba | 1,199 sqft | Built in 1962

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For Sale

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List Price
$169,900

Initial Investment

$46,298
Pre-approval letter or proof of funds required.

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about the purchase process.

Purchase Price

$169,900

Down Payment

25%

Rent

$1,350

Total Return

$95,064

Annualized Return

25.1%

Cap Rate

5.8%

Gross Yield

9.5%

Cash Flow

-$21

Appreciation

9.4%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

8,565

HOA

None

Flood Risk

Not Required

Just in time for the Holidays, don't miss the cute jewel tucked away in the heart of good living * includes a sunroom (could be converted into an office) for both Summer and Winter enjoyment * with a deck for either Summer cookouts or winter lounging around a firepit * hardwood floors throughout * fenced backyard for entertaining * great for the entire family * ready to move in!

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Pablo Pereyra
901 Realtor
TN Agent License #287154

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Annual Financial Highlights

Expected Rent

$15,390

Expenses

-$3,557

Property Taxes

-$2,618

Loan Payments

-$9,237

Net Cash Flow

-$21

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

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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Listing Courtesy of:Pablo Pereyra
901, REALTORS
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10138092
Last Updated: 11/22/2022 10:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.