top of page
Sold

1252 Greenwood St, Memphis, TN 38106

Price:  $39,900  | Market Rent $550  |  Est. Annunual NOI: $6,096  |  Cap Rate:  15.28%
Remarks:  Long Term Tenant Occupied, Rented for $550/Month.  Market Rent Is Around $600. 3 Bd / 2 Bth, Fenced Backyard, Hardwood Floors. Separate Living Room, Den & Dining Room! Property Comes With A 1 Year Rent & Maintenance Guarantee!  

 

Price:                          $39,900
Bed:                                 3
Bath:                                1
Market Rent Range:      $550-$650
Sq Ft (Approx):               1600  
Year Built:                       1920
Parking:                           Driveway  
Floors:                             1
Type:                                Single Family Home
Heating/Cooling:            Gas
Occupancy Status:         Occupied
​
Notes:  
1 Year Rent & Maintenance Guarantee!  
Financials:
Cap Rate:                                   15.28%
 
                                                   Monthly     Yearly
Avg Market Rent:                     $600             $7,200
- Property Taxes:                      $50               $600
- Est. Annual Insurance:          $42               $504
_____________________________________________________
Net Operating Income             $508          $6,096
 
​
​
 
Hardwood Floors
Separate Dining Room
Separate Den 
​
 
Amenities:
 
Separate Living Room
Fenced In Backyard
Nice Light Fixtures
 

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.

bottom of page