🏠 INVESTMENT OPPORTUNITY: Memphis, TN

📍 1384 Melrose Cv, Memphis, TN 38106
💰 Price: $110,250
🛏️ 3 bed | 🛁 3 bath | 📐 2,117 sqft

💵 INVESTMENT METRICS:
– Monthly Rent: $1,536
– Monthly Cash Flow: $448
– Cash on Cash Return: 24.4%
– Cap Rate: 10.77%

💸 DOWN PAYMENT: $22,050

📊 MONTHLY EXPENSES:
– Mortgage (P&I): $541
– Property Tax: $101
– Insurance: $92
– Maintenance: $77
– Vacancy Reserve: $123
– Property Mgmt: $154

🔗 Full Listing: https://www.zillow.com/homedetails/1384-Melrose-Cv-Memphis-TN-38106/42137185_zpid/

#realestateinvesting #rentalpropertyinvesting #cashflow #passiveincome #realestate

1384 Melrose Cv, Memphis, TN 38106, Memphis, TN