220 Cherry St
Madison, TN 37115
List Price
$275,000
Initial Investment
$74,938Purchase Price
$275,000
Down Payment
25%
Rent
$1,610
Total Return
$186,634
Annualized Return
27.4%
Cap Rate
4.5%
Gross Yield
7.0%
Cash Flow
-$3,203
Appreciation
11.9%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
13,939
HOA
None
Flood Risk
Not Required
Updated & turn key starter home or investment property, all on a single level! Extremely spacious backyard & screened deck. Conveniently located less than 10 Miles from downtown & 13 Miles from BNA!! This home is currently being used as a rental property & requires notice to show.
See more in Analysis
Mel Priess
Roofstock Realty LLC - TN
TN Agent License #330595
Annual Financial Highlights
Expected Rent
$18,354Expenses
-$4,107Property Taxes
-$2,500Loan Payments
-$14,950Net Cash Flow
-$3,203See more in Financials
Property Characteristics
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.
- You can contact your Agent with questions even before making an offer.
- A professional home inspection will be conducted prior to closing. This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor. As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.
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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SourceRealTracs
MLS #2571003
Last Updated: 09/14/2023 20:09
MLS #2571003
Last Updated: 09/14/2023 20:09