1215 Merrycrest Dr Memphis, TN 38111
4bd, 2ba | 1,606sqft | Built in 1954
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Initial Investment
$139,475
List Price: $136,000
Purchase Price
$136,000
Down Payment
100%
Rent
$1,225

Total Return
$45,737
Annualized Return
6.5%
Cap Rate
6.2%
Gross Yield
10.8%
Cash Flow
$7,757
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
12,264 
HOA
None
Flood Risk
Not Required

  • Single-level mid-century home on large lot
  • Close to botanical gardens, Univ of Memphis; 9 mi to downtown

Buy It Now: Offers at list price include an American Home Shield home warranty.

Annual Financial Highlight
Expected Rent
$13,965
Expenses
-$3,477
Property Taxes
-$2,731
Loan Payments
$0

Net Cash Flow
$7,757
Considerations
Property Characteristics    View Details

Roofstock Guarantee
Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
  • All properties come with our 30-day money back guarantee
  • Enjoy guaranteed rent on vacant, rent-ready properties starting 45 days after closing. Plus, you will also pay no monthly management fees until your property is leased.
  • This offer applies to all single-family properties and excludes duplexes, triplexes and fourplexes.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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