Available
6289 Kirby Downs Dr, Memphis, TN 38115
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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!
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
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:
Brick
Wood Burning Fireplace
Storage Room
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.