© 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

1628 Amarillo St, Memphis, TN 38114

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
_____________________________________________________
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.