🏠 INVESTMENT OPPORTUNITY: Memphis, TN

📍 1541 Patton St, Memphis, TN 38106
💰 Price: $105,000
🛏️ 3 bed | 🛁 2 bath | 📐 1,008 sqft

💵 INVESTMENT METRICS:
– Monthly Rent: $1,175
– Monthly Cash Flow: $205
– Cash on Cash Return: 11.74%
– Cap Rate: 8.24%

💸 DOWN PAYMENT: $21,000

📊 MONTHLY EXPENSES:
– Mortgage (P&I): $516
– Property Tax: $96
– Insurance: $88
– Maintenance: $59
– Vacancy Reserve: $94
– Property Mgmt: $118

📝 PROPERTY DETAILS:
This home has been renovated and is move in ready! This would make a nice first time buyer home. Three bedrooms and two bathrooms.

🔗 Full Listing: https://www.zillow.com/homedetails/1541-Patton-St-Memphis-TN-38106/42148753_zpid/

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1541 Patton St, Memphis, TN 38106, Memphis, TN

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