🏠 INVESTMENT OPPORTUNITY: Memphis, TN

📍 2246 Griggs Ave, Memphis, TN 38108
💰 Price: $60,000
🛏️ 3 bed | 🛁 2 bath | 📐 1,056 sqft

💵 INVESTMENT METRICS:
– Monthly Rent: $1,243
– Monthly Cash Flow: $558
– Cash on Cash Return: 55.75%
– Cap Rate: 17.04%

💸 DOWN PAYMENT: $12,000

📊 MONTHLY EXPENSES:
– Mortgage (P&I): $295
– Property Tax: $55
– Insurance: $50
– Maintenance: $62
– Vacancy Reserve: $99
– Property Mgmt: $124

📝 PROPERTY DETAILS:
OWNER FINANCING available. Property needing renovations. Vacant and easy to show. Call agent for more details.

🔗 Full Listing: https://www.zillow.com/homedetails/2246-Griggs-Ave-Memphis-TN-38108/42157248_zpid/

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2246 Griggs Ave, Memphis, TN 38108, Memphis, TN