587 Munford Ave

Munford, TN 38058
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3 bd, 2 ba | 1,457 sqft | Built in 1953

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List Price
$270,000

Initial Investment

$73,575

Purchase Price

$270,000

Down Payment

25%

Rent

$1,700

Total Return

$154,512

Annualized Return

25.1%

Cap Rate

5.3%

Gross Yield

7.6%

Cash Flow

-$1,198

Appreciation

9.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

20,038

HOA

None

Flood Risk

Not Required

This cottage like home features an open floor plan perfect for modern living. The spacious primary suite includes a luxurious spa tub and a separate tiled shower, creating a private retreat. Enjoy outdoor living with both a covered front porch and a covered back deck—ideal for relaxing or entertaining. A large shed/workshop offers extra storage or hobby space. Professionally landscaped and situated on a generous half-acre lot, this property combines comfort, functionality, and curb appeal. Interior pictures coming soon

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$19,380

Expenses

-$3,450

Property Taxes

-$2,450

Loan Payments

-$14,679

Net Cash Flow

-$1,198

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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Similar Listings



Listing Courtesy of:Raven Belue
Agent License 346726
Crye-Leike, Inc., REALTORS
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10194476
Last Updated: 04/17/2025 10:04
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.