© 2020  Premiere National Properties / T 901-313-0074 / F 901-297-0074 / Office@RodneyAdams.com

 

All Information, including Square Footage, deemed reliable but not warranted.

Available

1161 Mullins Station Rd, Memphis, TN 38134

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
_____________________________________________________
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.