8084 Kerry Dr

Cordova, TN 38018
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5 bd, 3 ba | 2,021 sqft | Built in 1981

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List Price
$242,900

Initial Investment

$66,190

Purchase Price

$242,900

Down Payment

25%

Rent

$1,700

Total Return

$137,082

Annualized Return

24.7%

Cap Rate

5.1%

Gross Yield

8.4%

Cash Flow

-$1,550

Appreciation

10.0%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

9,375

HOA

None

Flood Risk

Not Required

5 Bedroom and 3 Bath home for sale in heart of Cordova near Shelby Farms! Home features new updates inside and out. New roof, updated kitchen, new flooring throughout, and new fence! This home is spacious with three bedrooms downstairs and two upstairs with a full bath. Home is ideal for a first-time home buyer or even an investor looking to add to their portfolio. Contact listing agent for details!

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$19,380

Expenses

-$4,374

Property Taxes

-$3,350

Loan Payments

-$13,205

Net Cash Flow

-$1,550

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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:Andrew Akins
Agent License 350853
Andrew Akins
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10170423
Last Updated: 05/02/2024 20:05
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.