2932 Letrec Cv Memphis, TN 38127
3bd, 1ba | 931sqft | Built in 1972
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Initial Investment
$60,889
List Price: $55,900
Purchase Price
$55,900
Down Payment
100%
Rent
$650

Total Return
$21,424
Annualized Return
7.1%
Cap Rate
8.6%
Gross Yield
14.0%
Cash Flow
$4,357
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
11/02/2018 
Lease End
06/30/2019 
Lot Size
8,805 
HOA
None
Flood Risk
Not Required
  • Tenant in place
  • Single-level brick home with carport
  • Cul-de-sac location; mature trees in large yard
  • Close to public golf, Allen Road Park and other regional recreation areas
  • Easy access to downtown (11 mi)

Annual Financial Highlight
Expected Rent
$7,410
Expenses
-$2,226
Property Taxes
-$828
Loan Payments
$0

Net Cash Flow
$4,357
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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