1960 Durham Ave Memphis, TN 38127
3bd, 1.5ba | 1,590sqft | Built in 1958
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Initial Investment
$60,405
List Price: $58,000
Purchase Price
$58,000
Down Payment
100%
Rent
$725

Total Return
$26,263
Annualized Return
8.6%
Cap Rate
9.1%
Gross Yield
15.0%
Cash Flow
$4,756
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
12,262 
HOA
None
Flood Risk
Not Required
  • Rent-ready home with updated kitchen
  • Large corner lot
  • Easy access to downtown Memphis (9 mi)
  • Meets 1% Rule
  • AC cage and condenser to be installed by seller prior to closing

Annual Financial Highlight
Expected Rent
$8,265
Expenses
-$2,709
Property Taxes
-$800
Loan Payments
$0

Net Cash Flow
$4,756
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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