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Updated almost 7 years ago on . Most recent reply
17% Cash on Cash Return - $16,200 Down - Turnkey Rental Property
We have another rental property available in Memphis. This property is currently rented out for $750/mo. The property has a brand new 30-year roof and new heating system in place!
Purchase Price$67,500
| Current Rent | $750 |
| Cap Rate | 9% |
| Cash on Cash Return* | 17% |
| Net Cash Flow Per Month* | $235 |
| Initial Investment | $16,200 |
*Assuming 20% down with a loan at 5% interest for 30 years.
Property Information
| Current Status | Tenanted |
|---|---|
| Lease Start Date | 06/08/2018 |
| Lease End Date | 06/09/2020 |
| Utilities | Paid by Tenant |
| HOA | None |
Let me know if you would like financials and I can send them over.
Thank you.
Offering
Most Popular Reply
@Antoine Martel could you email or call me when you get a chance ? I am interested in buying Memphis properties and also need help with financing. Thanks.