3297 Dawn Dr Memphis, TN 38127
3bd, 1ba | 1,330sqft | Built in 1950
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Initial Investment
$60,615
List Price: $58,000
Purchase Price
$58,000
Down Payment
100%
Rent
$700

Total Return
$25,008
Annualized Return
8.2%
Cap Rate
8.7%
Gross Yield
14.5%
Cash Flow
$4,558
Appreciation
1.8%
Features
Occupancy
Occupied
Lease Start
05/01/2019 
Lease End
04/30/2020 
Lot Size
8,580 
HOA
None
Flood Risk
Not Required
  • Seller completed majority of the immediate repair items per inspection report
  • Leased through 4/29/2020
  • Walking distance to schools, parks, and shopping

Annual Financial Highlight
Expected Rent
$7,980
Expenses
-$2,522
Property Taxes
-$900
Loan Payments
$0

Net Cash Flow
$4,558
Considerations
Property Characteristics    View Details

Roofstock Guarantee
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  • 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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