- Area 2311 sq ft
- Floors 1
- Bedrooms 6
- Bathrooms 4
Description
Turn key rental. Management in place. 4405-4407 Wooddale Avenue, Memphis, TN 38118, 2,311 sq ft, 6 bedrooms, 4 baths. Purchase price of only $49,500 Monthly Rent: $1,300 Annual Rent: $15,600 Taxes: $1,738 Insurance: $166 Property Management Fee (10%): $1,560 Cash Flow: $12,136 Cash on Cash Return: 24.52% Repair/Vacancy Reserve (20%): $3,120 Net Cash Flow: $9,016 Cash on Cash Return: 18.21% 5% Annual Appreciation: $2,475 Total Potential Return: $11,491 Potential Annual RO I: 23.21%
Show MoreExterior Property Information
- Sale Status: Active
- Price: $49,500.00
- Fair market value: 81099
- Occupancy Rate: 0.00 %
- Property taxes: $ 1738
- Year Built: 1972
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