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For sale 20 days ago

$469,900

4 bd 3 ba 3096 sqft

585 Country Club Ln, Memphis, TN 38111

Residential SFR

Current Rent **

N/A

Projected Rent **

$3,700

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Fully Renovated Upscale Home with Lots of Income Potential

Potential rent $3700+ per month according to local property management co. and AIRDNA Estimate at $53,000+ per year! Fully Renovated 4 BR 3 BA home adjacent to the Memphis Country Club! Renovations include - New Roof, New AC, New Kitchen Cabinets, Quartz Counter Tops, Stainless Steel Appliances, recessed lighting, flooring, renovated master bathroom, new paint, tons of walk in closets/storage space and more! The shaded yard and patio have plenty of space to entertain. Great neighborhood, minutes to Univ of Memphis and Midtown. Open shelving installed in kitchen since photos.

Location:

585 Country Club Ln, Memphis, TN 38111

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.