1550 Gowan Dr

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

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For Sale

Exclusive

List Price
$99,900

$15.1K

Initial Investment

$27,223
Pre-approval letter or proof of funds required.

$

about the purchase process.
Features

Occupancy

Occupied

Lease Start

04/20/2020

Lease End

04/30/2023

Lot Size

9,000

HOA

None

Flood Risk

Not Required

  • Get more insight into this market here
  • Located close to markets, parks, schools and restaurants
  • Fenced in backyard, fireplace, big living room, and kitchen
  • 3 bedrooms / 2 bath
See more in Analysis

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Annual Financial Highlights

Expected Rent

$8,299

Expenses

-$2,177

Property Taxes

-$1,600

Loan Payments

-$5,431

Net Cash Flow

-$909

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

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

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