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4222 Cherrydale Rd, Memphis, TN 38111

Price:  $79,500  | Current Rent $895  |  Est. Annunual NOI: $9,660  |  Cap Rate:  12.15%
Remarks:  Tenant Occupied, Rented for $825/Month On A 24 Month Lease Agreement!  Market Rent Is Around $900.  3 Bd / 2 Bth, Large Corner Lot, Huge Jacuzzi Tub, 2 Car Garage, Newly installed Lenox Central Heat & Air.    Property Comes With A 1 Year Rent & Maintenance Guarantee!  
Price:                          $79,500
Bed:                                 3
Bath:                                2
Market Rent Range:      $895-$1,000
Sq Ft (Approx):               1512     
Year Built:                       1969
Parking:                          Double Garage    
Floors:                             1
Type:                                Single Family Home
Heating/Cooling:            New Furnace & A-Coil/Central
Occupancy Status:         Rented​​
1 Year Rent & Maintenance Guarantee!  
Cap Rate:                                   12.15%
                                                   Monthly     Yearly
Avg Market Rent:                     $975            $11,700
- Annual Taxes:                         $116            $1,392
- Est. Annual Insurance:          $54               $648
Net Operating Income             $805            $9,660   
** Current NOI (Based on current $895 Rent) **     
$725/Mo  $8,700/Yr  10.94%/Cap Rate​
New Carpet
Hardwood Floors
Cage around Central Air Condensor
Washer & Dryer Connections
Fenced In Back Yard 
2 Car Garage
New Lenox Furnace, A-Coil, & Condensor
Huge Jacuzzi Tub
Walk-In Closet

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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