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Duplex House for sale by owner




Turn key rental. Management in place.
4405-4407 Wooddale Avenue, Memphis, TN 38118, 2,311 sq ft, 6 bedrooms, 4 baths.
Purchase price of only $49,500
Monthly Rent: $1,300
Annual Rent: $15,600
Taxes: $1,738
Insurance: $166
Property Management Fee (10%): $1,560
Cash Flow: $12,136
Cash on Cash Return: 24.52%
Repair/Vacancy Reserve (20%): $3,120
Net Cash Flow: $9,016
Cash on Cash Return: 18.21%
5% Annual Appreciation: $2,475
Total Potential Return: $11,491
Potential Annual RO I: 23.21%
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