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Archived about 1 year ago

$83,900

3 bd 2 ba 816 sqft

1550 Hope St, Memphis, TN 38111

Residential SFR

Current Rent **

N/A

Projected Rent **

$1,100

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Low

Memphis TN | Rent Ready

This charming 2 bed, 1 bath house offers an exciting investment opportunity. The property is being sold AS-IS, with no warranties, allowing you the freedom to customize and make it your own. Situated in a convenient location, you'll find Cherokee Library, Sharpe Elementary School, and Memphis Center for Urban Theological Studies just a short distance away. With its great potential and desirable amenities nearby, this house is perfect for those looking to invest or create their dream home.

Location:

1550 Hope St, 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.