6713 Ross Ridge Dr-Memphis-38141, Shelby

6713 Ross Ridge Dr

Memphis, TN 38141

3 bd, 2 ba | 1,561 sqft | Built in 1990

List Price

$108,000

Initial Investment

$27,953

Purchase Price

$98,000

Down Payment

25%

Rent

$1,080

Total Return

$53,044

Annualized Return

25.9%

Cap Rate

8.1%

Gross Yield

13.2%

Cash Flow

$1,997

Appreciation

7.7%

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Features

Occupancy

Occupied

Lease Start

11/29/2018

Lease End

11/30/2020

Lot Size

3,080

HOA

None

Flood Risk

Not Required

MARKETS

NEIGHBORHOOD

SCHOOLS

See more in Analysis

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Annual Financial Highlights

Expected Rent

$12,312

Expenses

-$3,488

Property Taxes

-$1,500

Loan Payments

-$5,328

Net Cash Flow

$1,997

See more in Financials

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