🏠 INVESTMENT OPPORTUNITY: Memphis, TN

📍 1429 N Merton St, Memphis, TN 38108
💰 Price: $18,000
🛏️ 3 bed | 🛁 1 bath | 📐 1,440 sqft

💵 INVESTMENT METRICS:
– Monthly Rent: $1,049
– Monthly Cash Flow: $688
– Cash on Cash Return: 229.28%
– Cap Rate: 51.75%

💸 DOWN PAYMENT: $3,600

📊 MONTHLY EXPENSES:
– Mortgage (P&I): $88
– Property Tax: $17
– Insurance: $15
– Maintenance: $52
– Vacancy Reserve: $84
– Property Mgmt: $105

📝 PROPERTY DETAILS:
This house is perfect for your INVESTORS!!! House has had a clean out, and needs a full rehab!

🔗 Full Listing: https://www.zillow.com/homedetails/1429-N-Merton-St-Memphis-TN-38108/42159283_zpid/

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1429 N Merton St, Memphis, TN 38108, Memphis, TN