3258 Boone St Memphis, TN 38127
3bd, 1ba | 975sqft | Built in 1959
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Initial Investment
$69,674
List Price: $68,500
Purchase Price
$68,500
Down Payment
100%
Rent
$750

Total Return
$29,910
Annualized Return
8.4%
Cap Rate
8.2%
Gross Yield
13.1%
Cash Flow
$5,099
Appreciation
1.8%
Features
Occupancy
Occupied
Lease Start
08/01/2019 
Lease End
08/31/2020 
Lot Size
9,873 
HOA
None
Flood Risk
Not Required
  • Turnkey rental w/: new roof, water heater, electrical panel furnace, vanity, tile in kitchen, bathroom, and laundry-room, countertops, electrical fixtures, furnace, refinished hardwood floors, interior and exterior paint
  • Achieves 1% rule
  • Minimal immediate repairs needed

Annual Financial Highlight
Expected Rent
$8,550
Expenses
-$2,451
Property Taxes
-$1,000
Loan Payments
$0

Net Cash Flow
$5,099
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 properties starting 45 days after the home is rent-ready. Plus you will also pay no monthly management fees until your property is leased.
  • This offer applies to all single-family properties and excludes properties with more than 2 units (duplex, triplex, fourplexes), commercial properties and Roofstock portfolios.

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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