SFH Rental Investment in 38128 Memphis, TN (15% ROI)

[Jonathan McGee]

Contract for Assignment -

Don't miss out on this opportunity to own a positive cash flowing property in Memphis, TN!

This is a 3/2 1134 sq ft. brick home w/ covered carport in rent ready condition that was built in 1972. It is has been recently renovated by the owner and is currently occupied at $750/mo with a long term tenant on a one year lease. Estimated market value of $70,000. Estimated rental rate of $750/mo.

At the current rent rate and asking price, this averages to about a 15% cap rate after management fees, taxes and insurance.

Priced for assignment at $45,000. 

Recent Comps:

3357 Keystone Ave. Memphis, TN 38128 - Sold $74,000 on 12/06/18

4395 Davidcrest Dr. Memphis, TN 38128 - Sold $71,000 on 7/2/2018

3189 Ridgemont Rd. Memphis, TN 38128 - Sold $73,900 on 09/25/18

Contact Jonathan at [email protected] or at 901-290-7827.

Jonathan McGee

• Pyramid City Invest, LLC
• 901-290-7827
• http://www.pyramidcityinvest.com
• [email protected]

Edit signature

• 1

Add my reply to thread... Related Discussions

• MarketplaceMemphis, TN 26 home portfolio!!! You will not want to miss out...7 months ago
• MarketplacePackage of 4 in Memphis; Incredible Value, All Occupied!11 months ago
• MarketplaceRaleigh Cash Flow Deal!about a month ago

Related Blog Posts & Podcasts

• The $750 Newbie Lesson We Learned Before Landing Our First Investment Property7 days ago
• 10 Lethal Mistakes to Avoid on Your First Real Estate Investmentabout 23 hours ago
• 5 Habits You Didn’t Know Were Essential for Landlordinga day ago