4490 Sunny View Dr, Memphis TN 38127 Pending

  • $165,000
  • 2 beds
  • 2 baths
  • 1343 sqft

View Proforma Here:

https://docs.google.com/spreadsheets/d/1Ynu_njlkAjSoaoa4K9zAK49PRhw_DqA19umhKcweumE/edit?usp=sharing

Investment Opportunity: New Construction Rental Property in Memphis, TN

Address: [Property Address]
Price: $165,000
Monthly Rent: $1,700

Property Overview:

Discover an outstanding investment opportunity with this newly constructed 4-bedroom, 2-bathroom rental property in a thriving Memphis neighborhood. Designed with modern amenities and energy-efficient features, this property is perfect for investors seeking a dependable and high-return asset.

Key Features:

  • New Construction: This property features the latest in construction quality, energy efficiency, and contemporary design.
  • Spacious and Functional Layout: The home offers an open floor plan with ample living space, ideal for attracting quality tenants.
  • Turnkey Investment: Currently rented at $1,700 per month, this property delivers immediate rental income.
  • Low Operating Costs: With annual property taxes of $1,550, insurance at $1,000, and an 8% property management fee, operating expenses are minimized.

Financial Highlights:

  • Purchase Price: $165,000
  • Down Payment (20%): $33,000
  • Loan Amount: $132,000 at 7% interest
  • Monthly Mortgage Payment: $878.20
  • Annual Gross Rent Income: $20,400
  • Net Operating Income (NOI): $16,218
  • Annual Cash Flow: $5,679.60
  • Cash on Cash Return: 15.65%
  • Appreciation Potential: With an estimated annual appreciation rate of 3%, the property is expected to appreciate by $4,950 annually.
  • Tax Benefits: Benefit from an annual depreciation deduction of $6,000, resulting in tax savings of approximately $1,440 per year.

Investment Summary:

This property offers a robust investment with a cash on cash return of 15.65% and a total ROI of 33.26% when considering appreciation and depreciation. The new construction status ensures minimal maintenance and strong tenant appeal, making it a hassle-free investment in a growing market.

Location Highlights:

  • Proximity to Amenities: Conveniently located near schools, shopping centers, and public transportation.
  • Growth Area: Memphis is experiencing steady economic growth, enhancing the demand for rental properties.

Don’t miss this excellent investment opportunity. Contact us today to schedule a viewing or for more information.

Price:
$165,000
Address:
4490 Sunny View Dr
Memphis, Tennessee 38127
Square Feet:
1343
Lot Size:
6736
Bedrooms:
2
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
2024
Const. Type:
Frame

Additional Features

4 bed 2 bath 1343 sq ft 2 porches, nice yard, great location Property has high efficiency furnace and AC, 6 panel doors, Stove, Vent hood, Dishwasher Beautiful Stained Concrete Floors

Call 901-808-8448 for more details

Property Location

Call Us!
901-808-8448