17% Cash on Cash Return - $16,200 Down - Turnkey Rental Property

[Antoine Martel]

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.