818 White Clover Ln
Memphis, TN 38109
List Price
$70,500
Initial Investment
$17,576Purchase Price
$64,500
Down Payment
25%
Rent
$850
Total Return
$43,594
Annualized Return
32.0%
Cap Rate
9.4%
Gross Yield
15.8%
Cash Flow
$1,943
Appreciation
8.8%
Reset to DefaultEdit Assumptions
Features
Occupancy
Vacant
Lot Size
10,725
HOA
None
Flood Risk
Not Required
- Full interior and exterior renovations including:
- New roof, new hot water heater, new HVAC and ductwork, refinished hardwood floors, new kitchen cabinets and countertops, new tile throughout kitchen, laundry room, and bathroom, new vent hood, new light fixtures and ceiling fan, all new doors, new electrical box, new doors and windows, new faucets, toilet, tub, and tub trim/tiling, and new fiberglass blown insulation
- 8.8% cap rate with $5,600 in year one net cash flow
See more in Analysis
Annual Financial Highlights
Expected Rent
$9,690Expenses
-$3,040Property Taxes
-$1,200Loan Payments
-$3,507Net Cash Flow
$1,943See more in Financials
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