2204 Cowden Ave

Memphis, TN 38104
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6 bd, 2 ba | 4,283 sqft | Built in 1912

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For Sale

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List Price
$559,000

Initial Investment

$155,828
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$559,000

Down Payment

25%

Rent

$4,500

Total Return

$264,081

Annualized Return

22.3%

Cap Rate

6.1%

Gross Yield

9.7%

Cash Flow

$1,580

Appreciation

8.0%
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Features

Occupancy

Occupied

Lease Start

-

Lease End

-

Property Type

Triplex

Lot Size

9,660

HOA

None

Flood Risk

Not Required

This triplex is one a kind! The units are 3br, 2br, and 1br. The scheduled monthly income is 4495. This property is ideal for owner occupant. Drive by only. Please do not disturb residents.

See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154

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Annual Financial Highlights

Expected Rent

$51,300

Expenses

-$10,162

Property Taxes

-$9,168

Loan Payments

-$30,390

Net Cash Flow

$1,580

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

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.

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