8185 Penny Ln

Millington, TN 38053
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5 bd, 2 ba | 1,872 sqft | Built in 1972

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List Price
$70,000

Initial Investment

$19,168

Purchase Price

$65,000

Down Payment

25%

Rent

$725

Total Return

$38,398

Annualized Return

26.5%

Cap Rate

8.0%

Gross Yield

13.4%

Cash Flow

$1,179

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

02/01/2017

Lease End

01/31/2019

Lot Size

11,200

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$8,265

Expenses

-$2,752

Property Taxes

-$800

Loan Payments

-$3,534

Net Cash Flow

$1,179

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