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Memphis Turnkey Single Family Home
- 896 Leacrest Ave, Memphis TN 38109
- $86,000 Purchase Price - $775 Monthly Rent
- 11% Annual ROI with Financed Purchase
- 18% 5 Year Annualized Return
- NEWLY RENOVATED
Boost your cash flow with this 854 sqft 3 bed 1 bath single family home in a growing area of SouthEast Memphis. The location is in a quiet neighborhood that has seen very stable growth over the years, with easy access to the Memphis International Airport and FedEx world headquarters, a new Google research facility, and one of the largest logistics and distribution hubs in the United States. The home is also a 10 minute drive from Elvis Presley’s Graceland, one of the most popular tourist attractions in Memphis.
Why do we like Memphis? Check out our Memphis Market Profile HERE.
Cash Flow Analysis (Financed Purchase)
INCOME | |
Monthly Rent | $775 (Market) |
EXPENSES | |
Taxes | $22 (Actual) |
Property Management | $69 (Actual) |
Insurance | $50 (Actual) |
Vacancy | $38 (Estimated at 5% of rent) |
Maintenance | $38 (Estimated at 5% of rent) |
Capital Expenditures | $38 (Estimated at 5% of rent) |
Mortgage P & I @4% 30 Years, 80% LTV | $328 |
MONTHLY CASH FLOW: | $188 |
Location
Located in a quiet neighborhood but with easy access to the Interstate, major employers, and areas of attraction like Graceland and the downtown Memphis waterfront area.
Cash Flowing Memphis Single Family
To reserve this property, please contact your Paraprin Capital representative, or send an email to info@paragonprincipal.com. A $2,000 deposit is due upon signing of the purchase and sale agreement. Estimated closing costs above the purchase price are $3,000 but may vary depending on the circumstances. The financial analysis in this teaser assumes a financed purchase. Financing options up to 80% of the purchase price are available, regardless of the nationality of the buyer. Please inquire for more details.