16% Cap rate! Great cash flowing rental in Memphis

[Sam Wilson]

This is a great cash flowing rental property here in Memphis. It is a decent neighborhood. Most neighbors take care of their yards and keep the street up.  Tenants have been in place over 3 years, pay on time and are not moving. It is managed by a local management company. This house will need nothing but a new owner. The tenant has asked several times about owner financing too- if this is of interest to you. They said they could put a sizable deposit down and pay a higher monthly payment no problem.