6561 Cherry Bark Dr

Memphis, TN 38141
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3 bd, 2 ba | 1,324 sqft | Built in 1985

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Sold

Exclusive

List Price
$180,000

Initial Investment

$46,325
Pre-approval letter or proof of funds required.
Features

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

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Annual Financial Highlights

Expected Rent

$12,426

Expenses

-$3,040

Property Taxes

-$2,500

Loan Payments

-$9,242

Net Cash Flow

-$2,356

See 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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