Available

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​​
Notes:  
1 Year Rent & Maintenance Guarantee!  
Financials:
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 
​​
Amenities:
 
2 Car Garage
New Lenox Furnace, A-Coil, & Condensor
Brick
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.

© 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.