6298 Bronte Ave
Memphis, TN 38134
List Price
$145,000
Initial Investment
$42,022Purchase Price
$146,868
Down Payment
25%
Rent
$1,250
Total Return
$92,567
Annualized Return
26.8%
Cap Rate
6.4%
Gross Yield
10.2%
Cash Flow
$712
Appreciation
10.3%
Reset to DefaultEdit Assumptions
Features
Occupancy
Vacant
Lot Size
8,500
HOA
None
Flood Risk
Not Required
3BR/ 1.5 Bath, large den, open kitchen, 1 car garage, brand new central air, brand new roof, fenced yard, tile and wood floors, carpet bedroom, nice neighborhood. Great opportunity to purchase an affordable home with an area zoned for great Schools: WHITE STATION ES, WHITE STATION MS, WHITE STATION HS. Could be occupied within 30 days of contract acceptance date. Investors looking for a great long term portfolio property or home owner looking for affordable home with great school district.
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$14,250Expenses
-$3,553Property Taxes
-$2,000Loan Payments
-$7,985Net Cash Flow
$712See 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:Heath Gooch
Molly Reeves Realty, LLC
Molly Reeves Realty, LLC
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
901 Realtor
TN Brokerage License 264252
SourceMLS #10096002