1550 Gowan Dr Memphis, TN 38127
3bd, 2ba | 1,334sqft | Built in 1958
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Initial Investment
$56,333
List Price: $55,500
Purchase Price
$55,500
Down Payment
100%
Rent
$675

Total Return
$23,636
Annualized Return
8.2%
Cap Rate
8.0%
Gross Yield
14.6%
Cash Flow
$3,982
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
10/19/2018 
Lease End
11/30/2019 
Lot Size
9,000 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$7,695
Expenses
-$2,513
Property Taxes
-$1,200
Loan Payments
$0

Net Cash Flow
$3,982
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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