- 3238 Drayton Woods Dr. Memphis, TN 38134
- 714-538-5844
- invest@dis.fund
- https://invest.dis.fund/home
3238 Drayton Woods Memphis, TN 38134
Acquisition
- Purchase price: $109,000.00
- Debt: $0
- Gross Scheduled Rents: $1,100
- Annual Taxes: $1,596.96
- Property management: 8%
- NOI: $878.92
- Cash on Cash: 9.67%
Property Description
- Subject is brick construction single family property home featuring 3 bedrooms, 2 bathrooms and a fully fenced back yard with attached 2 car garage, central hear and air.
Rents
Rents are over fair market value with long term tenant in place.
Strategy
This property is performing well with long term tenants that pay early and often. The market is a little higher than current rate but tenant performance does not warrant a turn over of tenancy.
Current market value per redfin is $144,000.00
