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Available
1161 Mullins Station Rd, Memphis, TN 38134
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Price: $98,900 | Current Rent $895 | Est. Annual NOI: $10,332 | Cap Rate: 10.45%
Remarks: Tenant Occupied, Rented for $895/Month. Market Rent Is Around $1,050. Renovated 4 Bd / 1.5 Bth, Huge Fenced Backyard, 1 Car Garage, Newly installed Central Heat & Air, Water Heater, & Carpet. Property Comes With A 1 Year Rent & Maintenance Guarantee!
Price: $98,900
Bed: 4
Bath: 1.5
Market Rent Range: $890-$1,050
Sq Ft (Approx): 1620
Year Built: 1970
Parking: Garage
Floors: 1
Type: Single Family Home
Heating/Cooling: New Furnace & A-Coil/Central
Occupancy Status: Rented
Notes:
1 Year Rent & Maintenance Guarantee!
Financials:
Cap Rate: 11.5%
Monthly Yearly
Avg Market Rent: $1,050 $12,600
- Annual Taxes: $134 $1,608
- Est. Annual Insurance: $55 $660
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Net Operating Income $861 $10,332
** Current NOI (Based on current $895 Rent) **
$706/Mo $8,472/Yr 8.56%/Cap Rate
New Carpet
Cage around Central Air Condensor
Washer & Dryer Connections
Huge Fenced In Back Yard
Backyard Patio
Amenities:
1 Car Garage
Brand New Furnace & A-Coil
Brick
Freshly Painted
2 Storage Sheds
For More Information,
Please Call 901-313-0074
• Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.
• Our Property Management Team can manage the property for 10% of monthly rent.
• See " TurnKey" Page for details on our Rent & Maintenance Guarantee.
• All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.
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