708 Mohawk Ave

Memphis, TN 38109
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3 bd, 1.5 ba | 1,136 sqft | Built in 1960

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List Price
$65,000

Initial Investment

$19,739

Purchase Price

$71,555

Down Payment

25%

Rent

$850

Total Return

$44,967

Annualized Return

29.3%

Cap Rate

8.4%

Gross Yield

14.3%

Cash Flow

$1,561

Appreciation

8.8%
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Features

Occupancy

Lease Start

08/20/2018

Lease End

09/01/2019

Lot Size

8,611

HOA

None

Flood Risk

Not Required

- Recent total rehab of interior and exterior

- Brand new lease through 09/19

- <10 miles to Downtown Memphis

See more in Analysis

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$2,938

Property Taxes

-$1,300

Loan Payments

-$3,890

Net Cash Flow

$1,561

See more in Financials

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