808 Mohawk Ave

Memphis, TN 38109
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4 bd, 1 ba | 1,540 sqft | Built in 1962

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List Price
$63,000

Initial Investment

$18,006

Purchase Price

$54,000

Down Payment

25%

Rent

$750

Total Return

$32,659

Annualized Return

25.5%

Cap Rate

9.2%

Gross Yield

16.7%

Cash Flow

$1,524

Appreciation

8.8%
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Features

Occupancy

Unspecified

Lease Start

01/02/2020

Lease End

01/04/2021

Lot Size

6,900

HOA

None

Flood Risk

Not Required

  • Asset protection fee included in monthly rent of $20.00
  • Utility and maintenance fee included in monthly rent of $15.00
  • Seller recently made repairs on home, view inspection documents for more info
  • Get more insight into this market here

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Annual Financial Highlights

Expected Rent

$8,550

Expenses

-$2,991

Property Taxes

-$1,100

Loan Payments

-$2,936

Net Cash Flow

$1,524

See more in Financials

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