909 N McNeil St
Memphis, TN 38107
List Price
$70,000
Initial Investment
$19,427Purchase Price
$65,000
Down Payment
25%
Rent
$770
Total Return
$38,492
Annualized Return
26.2%
Cap Rate
8.0%
Gross Yield
14.2%
Cash Flow
$1,156
Appreciation
8.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Occupied
Lease Start
06/17/2019
Lease End
04/30/2021
Lot Size
6,500
HOA
None
Flood Risk
Not Required
- Attractive cap rate
- Leased through 04/30/2021
- Minutes from various restaurants
*Monthly rent will increase to $770 effective 04/01/2020 through 04/30/2021
See more in Analysis
Annual Financial Highlights
Expected Rent
$8,778Expenses
-$2,788Property Taxes
-$1,300Loan Payments
-$3,534Net Cash Flow
$1,156See more in Financials
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