516 Loraine Rd

Memphis, TN 38109
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3 bd, 1.5 ba | 1,466 sqft | Built in 1958

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List Price
$67,500

Initial Investment

$63,355

Purchase Price

$61,000

Down Payment

100%

Rent

$750

Total Return

$49,928

Annualized Return

13.7%

Cap Rate

8.1%

Gross Yield

14.8%

Cash Flow

$4,446

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

03/27/2019

Lease End

03/21/2021

Lot Size

15,942

HOA

None

Flood Risk

Not Required

  • High cap rate, meets 1% rule
  • New 24-month lease started 3/27/19 - 3/31/21
  • Roof recently replaced on house and garage, new hot water heater, new carpet, and new paint

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,804

Property Taxes

-$1,300

Loan Payments

$0

Net Cash Flow

$4,446

See more in Financials

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