1612 Nelson Ave Memphis, TN 38114
3bd, 1ba | 1,200sqft | Built in 1920
Expand
Initial Investment
$115,710
List Price: $114,000
Purchase Price
$114,000
Down Payment
100%
Rent
$1,060

Total Return
$44,559
Annualized Return
7.6%
Cap Rate
7.1%
Gross Yield
11.2%
Cash Flow
$7,464
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
05/14/2019 
Lease End
05/13/2020 
Lot Size
5,800 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$12,084
Expenses
-$3,020
Property Taxes
-$1,600
Loan Payments
$0

Net Cash Flow
$7,464
Considerations
Property Characteristics    View Details


Roofstock Exclusive
This property is listed directly from the seller and only available through the Roofstock marketplace.
  • You can avoid competition and "buy it now" at the list price.​
  • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
  • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
  • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.

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.

BESbswy