2714 Nix Cv

Memphis, TN 38127
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3 bd, 1 ba | 1,494 sqft | Built in 1961

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List Price
$75,000

Initial Investment

$20,225

Purchase Price

$73,000

Down Payment

25%

Rent

$850

Total Return

$49,819

Annualized Return

30.8%

Cap Rate

8.4%

Gross Yield

14.0%

Cash Flow

$1,592

Appreciation

9.6%
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Features

Occupancy

Occupied

Lease Start

02/01/2020

Lease End

01/31/2021

Lot Size

8,844

HOA

None

Flood Risk

Not Required

  • Roofstock Turnkey property, freshly rehabbed with new tenant
  • Free 1 year home warranty through American Home Shield paid by Seller
  • Go to join.roofstock.com/turnkey to learn more about the Roofstock Turnkey program
  • 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

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$9,690

Expenses

-$3,030

Property Taxes

-$1,100

Loan Payments

-$3,969

Net Cash Flow

$1,592

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