3293 Ashland St Memphis, TN 38127
2bd, 1ba | 975sqft | Built in 1954
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Initial Investment
$65,712
List Price: $63,000
Purchase Price
$63,000
Down Payment
100%
Rent
$700

Market rent may range from $665 to $735


Total Return
$26,201
Annualized Return
7.9%
Cap Rate
8.3%
Gross Yield
13.3%
Cash Flow
$4,751
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Vacant
Lot Size
10,320 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate
  • Close to schools, shopping, and dining
  • 2-bed, 1-bath single-family home

Annual Financial Highlight
Expected Rent
$7,980
Expenses
-$2,329
Property Taxes
-$900
Loan Payments
$0

Net Cash Flow
$4,751
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.