6898 Century Oaks Dr

Cordova, TN 38018
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3 bd, 2 ba | 1,145 sqft | Built in 1999

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List Price
$199,950

Initial Investment

$54,486

Purchase Price

$199,950

Down Payment

25%

Rent

$1,560

Total Return

$118,801

Annualized Return

26.1%

Cap Rate

5.7%

Gross Yield

9.4%

Cash Flow

-$168

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Property Type

Townhouse

Lot Size

3,294

HOA

$21/mo

Flood Risk

Not Required

Charming Cordova Home – No City Taxes! Welcome to this beautifully maintained 3-bedroom, 2-bath home located in the heart of Cordova—a perfect fit for those seeking low maintenance, space, and convenience. Step inside and enjoy the inviting ambiance created by vaulted ceilings in the living room and front bedroom, allowing natural light to brighten your day and enhance the open, airy feel. Fresh paint throughout gives the home a clean, updated look, and the recently serviced HVAC system ensures year-round comfort for your family. The kitchen features a stylish tile backsplash and comes fully equipped with a refrigerator, washer, and dryer—making your move-in simple and stress-free. A spacious two-car attached garage provides added convenience for busy households. One of the standout features of this home is its location—just under half a mile from the expansive Shelby Farms Park, offering 4,500 acres of outdoor activities. Community is adjacent to the green line bike trails!

See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$17,784

Expenses

-$3,482

Property Taxes

-$3,600

Loan Payments

-$10,870

Net Cash Flow

-$168

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

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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Listing Courtesy of:Thomas Blanche
Agent License 330484
Northpoint Asset Management, L
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10194326
Last Updated: 04/21/2025 18:04
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