Awesome cash-flowing property selling at a discount!

5052 Bowdoin Dr, Memphis, TN 38127

$75,000 After Repair Value -
$52,000 Asking Price -
$6,200 Cost of Repairs =
$16,800 Potential Profit

Property Details

Asking Price $52,000

After Repair Value $75,000

Costs of Repairs $6,200

Potential Profit $16,800

Living Area 1234 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms 1

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $800

Yearly Expenses $2,258

Property Taxes $440

Net Operating Income $655

Cap Rate 15

Property Description

This property currently has a tenant paying $800 per month. It is located less than a mile from a school and park, making it perfect for families. The property is in great shape with some cosmetic damage.

Email evan@rocketoffr[dot]com for more info and to see the inspection report.

Repairs Needed

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