3514 Bishops Gate Dr

Memphis, TN 38115
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3 bd, 2 ba | 1,448 sqft | Built in 1994

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List Price
$80,323

Initial Investment

$16,600

Purchase Price

$60,000

Down Payment

25%

Rent

$927

Total Return

$41,071

Annualized Return

32.2%

Cap Rate

9.8%

Gross Yield

18.5%

Cash Flow

$1,991

Appreciation

8.7%
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Features

Occupancy

Occupied

Lease Start

11/17/2017

Lease End

10/31/2018

Lot Size

3,006

HOA

None

Flood Risk

Not Required


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Annual Financial Highlights

Expected Rent

$10,568

Expenses

-$3,715

Property Taxes

-$1,600

Loan Payments

-$3,262

Net Cash Flow

$1,991

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