6561 Cherry Bark Dr
Memphis, TN 38141
Sold
Exclusive
List Price
$180,000
Initial Investment
$46,325Features
Occupancy
Occupied
Lease Start
02/23/2018
Lease End
02/28/2023
Lot Size
8,886
HOA
None
Flood Risk
Not Required
- Below market rent
- Property was rehabbed in 2014-2015 and has been updated and maintained since
- Roof inspected and repaired (Feb 2022) - Skylights redone as well
- Get more insight into this market here
See more in Analysis
Annual Financial Highlights
Expected Rent
$12,426Expenses
-$3,040Property Taxes
-$2,500Loan Payments
-$9,242Net Cash Flow
-$2,356See more in Financials
Property Characteristics
Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
- This property will be professionally inspected before closing.
- You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
- Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
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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