105 Mayme Ct

Madison, TN 37115
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3 bd, 1 ba | 1,150 sqft | Built in 1967

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List Price
$275,000

Initial Investment

$74,938

Purchase Price

$275,000

Down Payment

25%

Rent

$1,790

Total Return

$200,049

Annualized Return

29.6%

Cap Rate

5.5%

Gross Yield

7.8%

Cash Flow

-$677

Appreciation

11.9%
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Features

Lot Size

8,276

HOA

None

Flood Risk

Not Required

Charming home with tons of potential on a quiet cul-de-sac in Madison. The cozy 3 bedroom 1 bathroom home opens into the formal living room. The kitchen is at the center of the home and connected to the shared family room and dining room that features a cozy fireplace. The bedrooms each feature carpet floors, and they share a full bathroom with tile floors, backsplashes, and a tub/shower. Downstairs is a 2 car garage and unfinished basement that offers additional square footage! Laundry in the basement and endless possibilities to finish out the space. This ideal investment property is close to East Nashville. Come see what you could do with this fixer upper!

See more in Analysis
Mel Priess
Roofstock Realty LLC - TN
TN Agent License #330595
Annual Financial Highlights

Expected Rent

$20,406

Expenses

-$3,632

Property Taxes

-$2,500

Loan Payments

-$14,950

Net Cash Flow

-$677

See more in Financials

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • Properties listed on Roofstock are displayed from MLS data and are chosen by Roofstock for their investment potential—often as soon as it hits the market.
  • You can be represented in the purchase by a Roofstock-affiliated real estate agent who is an expert in investment properties and knows the local market.
  • Your offer can have an inspection contingency, which allows you to obtain a home inspection in order to review the property's condition.
  • Upon introduction to the Roofstock-affiliated agent, you may discuss your investing strategy with the agent who will assist you in the buying process.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Gary Ashton
Agent License 278725
The Ashton Real Estate Group of RE/MAX Advantage
Certified Agent Brokerage:Mel Priess
Roofstock Realty LLC - TN
TN Brokerage License 263679
SourceRealTracs
MLS #2498123
Last Updated: 03/18/2023 19:03
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