3293 Ashland St Memphis, TN 38127
2bd, 1ba | 975sqft | Built in 1954
investment property - 3293 Ashland St, Memphis, TN 38127, Shelby - image 0
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investment property - 3293 Ashland St, Memphis, TN 38127, Shelby - image 0
investment property - 3293 Ashland St, Memphis, TN 38127, Shelby - image 1
investment property - 3293 Ashland St, Memphis, TN 38127, Shelby - image 2
List Price
$63,000
Initial Investment : $65,712
Purchase Price
$63,000
Down Payment
100%
Rent
$700

Est. market rent may range from $648 to $753


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

Map Data
Map data ©2020 Google
Map DataMap data ©2020 Google
Map data ©2020 Google
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



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

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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