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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List Price
$180,000

Initial Investment

$46,325

Purchase 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%
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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

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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

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