1677 Sorghum Mill Dr Cordova, TN 38016
3bd, 2ba | 1,632sqft | Built in 1992
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Initial Investment
$120,072
List Price: $115,000
Purchase Price
$115,000
Down Payment
100%
Rent
$1,100

Total Return
$39,098
Annualized Return
6.5%
Cap Rate
6.7%
Gross Yield
11.5%
Cash Flow
$7,031
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
09/01/2018 
Lease End
08/31/2019 
Lot Size
3,586 
HOA
$21/mo
Flood Risk
Not Required
  • Attractive 3 BD/2BA attached home
  • Built in 1992
  • Occupied with lease through 8/31/2019
  • Easy access to I-40 and downtown Memphis (19 mi)

Annual Financial Highlight
Expected Rent
$12,540
Expenses
-$3,509
Property Taxes
-$2,000
Loan Payments
$0

Net Cash Flow
$7,031
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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