6167 Afternoon Ln Memphis, TN 38141
3bd, 2ba | 1,620sqft | Built in 1978
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Initial Investment
$89,623
List Price: $87,500
Purchase Price
$87,500
Down Payment
100%
Rent
$940

Total Return
$33,502
Annualized Return
7.4%
Cap Rate
7.3%
Gross Yield
12.9%
Cash Flow
$5,730
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
02/24/2012 
Lease End
07/26/2019 
Lot Size
8,400 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$10,716
Expenses
-$3,186
Property Taxes
-$1,800
Loan Payments
$0

Net Cash Flow
$5,730
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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