851 Hale Rd-Memphis-38116, Shelby

851 Hale Rd

Memphis, TN 38116

3 bd, 1 ba | 1,521 sqft | Built in 1931

List Price

$115,000

Initial Investment

$32,326

Purchase Price

$115,000

Down Payment

25%

Rent

$950

Total Return

$61,806

Annualized Return

24.4%

Cap Rate

6.4%

Gross Yield

9.9%

Cash Flow

$559

Appreciation

8.8%

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Features

Occupancy

Occupied

Lease Start

02/14/2020

Lease End

01/31/2022

Lot Size

71,917

HOA

None

Flood Risk

Not Required

MARKETS

NEIGHBORHOOD

SCHOOLS

See more in Analysis

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Annual Financial Highlights

Expected Rent

$10,830

Expenses

-$2,819

Property Taxes

-$1,200

Loan Payments

-$6,252

Net Cash Flow

$559

See more in Financials

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