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!
Market Rent Range: $895-$1,000
Sq Ft (Approx): 1512
Year Built: 1969
Parking: Double Garage
Type: Single Family Home
Heating/Cooling: New Furnace & A-Coil/Central
Occupancy Status: Rented
1 Year Rent & Maintenance Guarantee!
Cap Rate: 12.15%
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
Cage around Central Air Condensor
Washer & Dryer Connections
Fenced In Back Yard
2 Car Garage
New Lenox Furnace, A-Coil, & Condensor
Huge Jacuzzi Tub
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.