749 Archie Dr

Memphis, TN 38127
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4 bd, 1 ba | 1,034 sqft | Built in 1972

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List Price
$115,000

Initial Investment

$31,338

Purchase Price

$115,000

Down Payment

25%

Rent

$975

Total Return

$68,127

Annualized Return

26.5%

Cap Rate

6.3%

Gross Yield

10.2%

Cash Flow

$458

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

12/03/2021

Lease End

12/31/2022

Lot Size

7,200

HOA

None

Flood Risk

Not Required

  • Get more insight into this market here
  • Big backyard
  • Eat-in kitchen
  • Updated electrical work throughout
  • Plumbing updates
December 2020 Improvements:
*New Owens-Corning 30 year roof
  • All new interior Sherwin Williams paint
  • New ADT Security System
  • New Air Conditioning condenser/new furnace and A-coil
and many more. Please contact a representative for a complete list of improvements from Dec. 2020

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Annual Financial Highlights

Expected Rent

$11,115

Expenses

-$2,805

Property Taxes

-$1,600

Loan Payments

-$6,252

Net Cash Flow

$458

See more in Financials

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