6561 Cherry Bark Dr
Memphis, TN 38141
List Price
$180,000
Initial Investment
$46,325Purchase Price
$170,000
Down Payment
25%
Rent
$1,090
Total Return
$63,287
Annualized Return
17.8%
Cap Rate
4.3%
Gross Yield
7.7%
Cash Flow
-$2,356
Appreciation
7.7%
Reset to DefaultEdit Assumptions
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
Annual Financial Highlights
Expected Rent
$12,426Expenses
-$3,040Property Taxes
-$2,500Loan Payments
-$9,242Net Cash Flow
-$2,356See more in Financials
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