2714 Nix Cv Memphis, TN 38127
3bd, 1ba | 1,494sqft | Built in 1961
investment property - 2714 Nix Cv, Memphis, TN 38127, Shelby - image 0
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investment property - 2714 Nix Cv, Memphis, TN 38127, Shelby - image 0
investment property - 2714 Nix Cv, Memphis, TN 38127, Shelby - image 1
investment property - 2714 Nix Cv, Memphis, TN 38127, Shelby - image 2
List Price
$82,000
Initial Investment : $83,563
Purchase Price
$82,000
Down Payment
100%
Rent
$850

Total Return
$33,034
Annualized Return
7.8%
Cap Rate
7.5%
Gross Yield
12.4%
Cash Flow
$5,609
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
02/01/2020 
Lease End
01/31/2021 
Lot Size
8,844 
HOA
None
Flood Risk
Not Required
  • New counter tops, interior/exterior paint, sink, faucets, toilet, vinyl and tile floors, tub, vanity, light fixtures, door knobs, and tub surrounds installed.
  • New electrical panel, HVAC, hot water heater, 6-panel doors, outlets, ceiling fans, and vent hood installed.

Map Data
Map data ©2020 Google
Map DataMap data ©2020 Google
Map data ©2020 Google
Annual Financial Highlight
Expected Rent
$9,690
Expenses
-$2,881
Property Taxes
-$1,200
Loan Payments
$0

Net Cash Flow
$5,609
Considerations
Property Characteristics    View Details


Roofstock Exclusive
This property is listed directly from the seller and only available through the Roofstock marketplace.
  • You can avoid competition and "buy it now" at the list price.​
  • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
  • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
  • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.

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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