3449 SQFT! NO CITY TAXES!
5474 HIghtor Lane Memphis TN 38125
Address: 5474 Hightor Lane, Memphis, TN 38125
Purchase Price: $195,900
Rent Range: $1795-1995
Cash on Cash Return: 9.1%
Estimated Value: $195,900
Property Type: Single-Family Home
Beds/Baths: 4 beds, 3 baths
# of Units: 1
Square Feet: 3449
Occupancy Status: Vacant
Year Built: 2007
Subdivision: RIver Grove Estates
Monthly Rental Income: $1995
Yearly Property Tax: $1861
This home almost has too much going for it to summarize! With 3449 square feet, including four bedrooms and three bathrooms, it gives any family plenty of room to stretch out. Located close to Stateline Road and Riverdale, it has the added bonuses of being closing to shopping, entertainment, schools, AND it's not incorporated. No city taxes! Contact Memphis CashFlow today to put this monster under contract!
Rehab Included in Purchase Price: $12,500
*Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.
*All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.