3454 Ridgemont Rd

Memphis, TN 38128
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3 bd, 1.5 ba | 1,249 sqft | Built in 1971

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List Price
$78,500

Initial Investment

$20,311

Purchase Price

$73,000

Down Payment

25%

Rent

$845

Total Return

$50,237

Annualized Return

30.9%

Cap Rate

8.5%

Gross Yield

13.9%

Cash Flow

$1,638

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

04/02/2020

Lease End

04/05/2021

Lot Size

8,450

HOA

None

Flood Risk

Not Required

  • Attractive cap rate
  • <$500 estimated immediate repair costs
  • Easy access to downtown Memphis (20 min)
  • Asset Protection fee included in monthly rent of $20

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,633

Expenses

-$2,926

Property Taxes

-$1,100

Loan Payments

-$3,969

Net Cash Flow

$1,638

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