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Available
1628 Amarillo St, Memphis, TN 38114
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Price: $53,400 | Market Rent $725 | Est. Annunual NOI: $7,488 | Cap Rate: 14%
Remarks: Completely Renovated Home! Market Rent Is Around $725. 3 Bd / 1 Bth, Huge Yard Completely Fenced In, New Tile, Backsplash, and Countertop, New Faucets & Light Fixtures! Gorgeous Hardwood Floors! Central Heat! Property Comes With A 1 Year Rent & Maintenance Guarantee!
Price: $53,400
Bed: 3
Bath: 1
Market Rent Range: $675-$725
Sq Ft (Approx): 1100
Year Built: 1951
Parking: Driveway
Floors: 1
Type: Single Family Home
Heating/Cooling: Central
Occupancy Status: Vacant
Notes:
1 Year Rent & Maintenance Guarantee!
Financials:
Cap Rate: 14%
Monthly Yearly
Avg Market Rent: $725 $8,700
- Property Taxes: $59 $708
- Est. Annual Insurance: $42 $504
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Net Operating Income $624 $7,488
Totally Renovated
Gorgeous Hardwood Floor
New Bathroom Vanity
Ceramic Tile On Kitchen And Bath Floor
Amenities:
Kitchen Backsplash
Central Heat
Fenced In Yard
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.
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