610 Simonton St
Covington, TN 38019
List Price
$109,900
$10K
Initial Investment
$29,948Purchase Price
$109,900
Down Payment
25%
Rent
$1,644
Total Return
$68,050
Annualized Return
34.7%
Cap Rate
12.5%
Gross Yield
18.0%
Cash Flow
$6,807
Appreciation
5.2%
Reset to DefaultEdit Assumptions
Features
Lot Size
16,000
HOA
None
Flood Risk
Not Required
Far less than the comps! Completely renovated interior! This very spacious, Charming (1800 SF) brick Ranch style home with three bedrooms and two full baths. Central Heat / Air. Large Living Room PLUS Separate, Large Den. HUGE ROOMS. MASSIVE eat-in KITCHEN. Very large lot with concrete RV pad, 2 Car carport, storage room with electric. Partially privacy fenced. Just $66/ Square Foot! Tenant occupied for 1200/month. Owner/ Agent.
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$18,742Expenses
-$5,605Property Taxes
-$355Loan Payments
-$5,975Net Cash Flow
$6,807See more in Financials
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.
- Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
- You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
- Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
- Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.
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
Agent License 23667
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Certified Agent Brokerage:Pablo Pereyra
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TN Brokerage License 264252
901 Realtor
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SourceMemphis Area Association of Realtors
MLS #10148573
Last Updated: 05/29/2023 20:05
MLS #10148573
Last Updated: 05/29/2023 20:05