1550 Gowan Dr

Memphis, TN 38127
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3 bd, 2 ba | 1,334 sqft | Built in 1958

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List Price
$53,900

Initial Investment

$53,795

Purchase Price

$53,000

Down Payment

100%

Rent

$675

Total Return

$47,832

Annualized Return

15.1%

Cap Rate

8.3%

Gross Yield

15.3%

Cash Flow

$3,914

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

10/19/2018

Lease End

11/30/2019

Lot Size

9,000

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$7,695

Expenses

-$2,581

Property Taxes

-$1,200

Loan Payments

$0

Net Cash Flow

$3,914

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