1699 Paullus Avenue, Memphis TN 38127 For Sale

Coming soon! A great, fully renovated home for Turn Key Rental!

Investment Opportunity: 1699 Paullus Rd, Memphis TN 38127

This fully renovated 3 bed, 2 bath home with 1,135 sq ft offers a strong investment potential. Priced at $145,000, it generates $1,450 in monthly rent. With a 7% interest loan, the total monthly expenses, including mortgage, taxes, insurance, and property management, amount to $1,059, yielding a net monthly income of $391.

The property promises a robust annual ROI of 16.07%, considering cash flow, appreciation, and tax benefits. The current owner includes a one-year warranty and tenant placement, ensuring a smooth start for your investment.

Highlights:

• Price: $145,000
• Monthly Rent: $1,450
• Net Monthly Income: $391
• Annual ROI: 16.07%
• Fully Renovated: Move-in ready with tenant placement service and a one-year warranty.

Rental Property Analysis for 1699 Paullus Rd, Memphis TN 38127

Property Details:

• Price: $145,000
• Size: 1,135 sq ft
• Beds/Baths: 3/2
• Monthly Rent: $1,450

Expenses:

• Closing Costs (2%): $2,900
• Annual Property Taxes: $946
• Annual Insurance: $1,100
• Property Management (8%): $116/month
• Loan Details:
  • Interest Rate: 7%
  • Down Payment: 20% ($29,000)
  • Loan Amount: $116,000
  • Monthly Mortgage Payment: $772

Cash Flow Analysis:

• Total Monthly Expenses:
  • Mortgage: $772
  • Property Management: $116
  • Property Taxes: $79
  • Insurance: $92
• Total Expenses: $1,059
• Net Monthly Income: $1,450 – $1,059 = $391

Annual Cash Flow:

• Net Annual Income: $391 * 12 = $4,692

Appreciation and Depreciation:

• Annual Depreciation: $145,000 / 27.5 = $5,273
• Appreciation (4%): $145,000 * 0.04 = $5,800

ROI Calculation:

• Initial Investment: $29,000 (down payment) + $2,900 (closing costs) = $31,900
• Annual Return: $4,692 (cash flow) + $5,800 (appreciation) – $5,273 (depreciation tax benefit)
• Annual ROI: ($4,692 + $5,800 – $5,273) / $31,900 = 16.07%