1898 Goodhaven Dr

Memphis, TN 38116
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3 bd, 2.5 ba | 1,770 sqft | Built in 1963

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List Price
$97,500

Initial Investment

$28,113

Purchase Price

$90,000

Down Payment

25%

Rent

$975

Total Return

$51,551

Annualized Return

24.8%

Cap Rate

7.8%

Gross Yield

13%

Cash Flow

$1,566

Appreciation

8.8%
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Features

Occupancy

Occupied

Lease Start

10/25/2019

Lease End

10/31/2020

Lot Size

12,800

HOA

None

Flood Risk

Not Required

  • 2018 New Roof, HVAC, water heater
  • Tenant Occupied through October 2020
  • Professionally Managed by Premier Property Management

See more in Analysis

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Annual Financial Highlights

Expected Rent

$11,115

Expenses

-$3,256

Property Taxes

-$1,400

Loan Payments

-$4,893

Net Cash Flow

$1,566

See more in Financials

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