Featured Investment Property #317 |
Outstanding Investment Property - Single Family Home
Featuring a 5 Year Internal Rate of Return of 17.0%
This low maintenance, all brick home has an open ranch-style plan, kitchen ceramic tile, laminate wood flooring in living area, large picture windows, and hardwood molding throughout. It features 1839 sqft of living space with 3 bedrooms and 2 bathrooms.
The home will be tenanted prior to close under a one year lease with the tenant paying $1,050/month and will be managed by an experienced, professional property management team. The tenant pays all utilities.
| Price : | $105,000 |
| Rent : | $1,050 |
| Cash-on-Cash | 10.5% |
| 5 Year IRR: | 17.0% |
| Year Built : | 1982 |
| Beds : | 3 |
| Bath : | 2 |
| City : | Memphis |
| Status : | Active |
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Investment Property #333 |
Cordova Single Family Investment Property
Featuring a 5 Year Internal Rate of Return of 17.2%
Built in 2003 and completely renovated in 2011, this large single family home is located in the highly desirable Cordova. It features 2,073 sqft of living space, vaulted ceilings in the main living area, and 3 bedrooms and 2.5 bathrooms spread across two stories. This home is set on a very quiet and private street lined with similar, attractive, all brick homes. The property has an open floor plan with ceramic tile and laminate hardwood floors downstairs, a two car garage, and a fireplace.
Unique features of this home include: Very young vintage home with all brick construction exterior/low maintenance interior, will help mitigate both short term and long term expenses. Location: Very attractive, new construction neighborhood with some of the top schools, quality tenants and neighborhoods in Memphis. This property is less than 2 miles away from the Germantown Parkway main shopping corridor.
| Price : | $125,000 |
| Rent : | $1,250 |
| Cash- on-Cash: | 10.2% |
| 5 Year IRR: | 17.2% |
| Year Built : | 2003 |
| Beds : | 3 |
| Bath : | 2 |
| City : | Cordova |
| Status : | Pending |
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Investment Property #320 |
Memphis Single Family Investment Property
Featuring a 5 Year Internal Rate of Return of 18.8%
This single family home is an outstanding investment featuring a 5 year internal rate of return of 18.8%.
It was built in 1984 and completely renovated in 2011. This desirable investment property is located in Memphis. It has 1532 sqft of living space with 3 bedrooms and 2 bathrooms. The home will be tenanted prior to close under a one year lease with tenants paying $1050/month. The property will be managed by an experienced, professional property management team. The tenant pays all utilities.
Unique features of this home include: Low maintenance, partial brick construction. New tile, carpet and laminate. This investment property is situated on a corner lot in a desirable central location, convenient to schools and shopping.
| Price: | $99,000 |
| Rent : | $1,050 |
| Cash- on-Cash: | 12.8% |
| 5 Year IRR: | 18.8% |
| Year Built : | 1984 |
| Beds : | 3 |
| Bath : | 2 |
| City : | Memphis |
| Status: | Available |
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The simple answer - because the numbers work. When we studied over 366 metropolitan statistical areas for the best investment property criteria, Memphis came out as a top performer in a variety of key areas.