1633 Amarillo St Memphis, TN 38114
2bd, 1ba | 888sqft | Built in 1951
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Initial Investment
$55,825
List Price: $55,000
Purchase Price
$55,000
Down Payment
100%
Rent
$650

Total Return
$25,928
Annualized Return
9.1%
Cap Rate
8.9%
Gross Yield
14.2%
Cash Flow
$4,433
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
03/01/2019 
Lease End
02/29/2020 
Lot Size
10,620 
HOA
None
Flood Risk
Not Required
  • Current lease expires 2/2020
  • Charming home on large lot with mature trees
  • Wood floors
  • Close to shopping, services, parks
  • Convenient to medical district (6 mi) and downtown (7 mi)

Annual Financial Highlight
Expected Rent
$7,410
Expenses
-$2,230
Property Taxes
-$747
Loan Payments
$0

Net Cash Flow
$4,433
Considerations
Property Characteristics    View Details

Roofstock Guarantee
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  • 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.