Available

6289 Kirby Downs Dr, Memphis, TN 38115

Price:  $52,900  | Current Rent $700  |  Est. Annunual NOI: $8,580  |  Cap Rate:  14.32%
Remarks:  Long TermTenant Occupied, Rented for $700/Month.  Market Rent Is Around $825.
Spacious 2 Bd / 1.5 Bth, Fenced Backyard, Large Great Room, Tiled Entry, Wood Burning Fireplace, & Patio. Property Comes With A 1 Year Rent & Maintenance Guarantee!  

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Price:                          $52,900
Bed:                                 2
Bath:                                1.5
Market Rent Range:      $700-$825
Sq Ft (Approx):               1394    
Year Built:                       1982
Parking:                           Driveway  
Floors:                             1
Type:                                Attached Zero Lot
Heating/Cooling:            Central
Occupancy Status:         Rented​​
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Notes:  
1 Year Rent & Maintenance Guarantee!  
Financials:
Cap Rate:                                   14.32%
 
                                                   Monthly     Yearly
Avg Market Rent:                     $825             $9.900
- Property Taxes:                      $72               $864
- Est. Annual Insurance:          $38               $456
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Net Operating Income             $715          $8,580
 
** Current NOI (Based on current $700 Rent) **     
$590/Mo  $7,080/Yr  11.81%/Cap Rate​
 
Tiled Entry
Security Door
Washer & Dryer Connections
Large Fenced In Back Yard 
 
 
Amenities:
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Brick
Wood Burning Fireplace
Storage Room
Nice Light Fixtures
 

For More Information,

Please Call 901-313-0074

Click Here To Browse All Of Our Available Properties

 

 

• 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.