NEW ROOF + NEW HVAC!
3047 Estes Street Memphis TN 38115
Address: 3047 Estes Street, Memphis TN 38115
Purchase Price: $96,900
Rent Range: $995-$1095
Cash on Cash Return: 9.3%
Estimated Value: $96,900
Property Type: Single-Family Home
Beds/Baths: 4 beds, 2 baths
# of Units: 1
Square Feet: 1632
Occupancy Status: Vacant
Year Built: 1964
Subdivision: Fox Meadows
Monthly Rental Income: $1050
Yearly Property Tax: $1589
3047 Estes is going to be a keeper! With a $23,000 rehab underway, which includes a new roof, new HVAC system and refinished hardwood floors, anyone and everyone is going to want to be lucky enough to live here. The property comes with four bedrooms, two bathrooms, 1632 square feet, a carport and fireplace.
Rehab Included in Purchase Price: $23,000
*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.