3572 Bishops Gate Dr # Duplicated668887

Memphis, TN 38115
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2 bd, 2.5 ba | 1,621 sqft | Built in 1987

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List Price
$154,900

Initial Investment

$42,210

Purchase Price

$154,900

Down Payment

25%

Rent

$1,370

Total Return

$82,705

Annualized Return

24.8%

Cap Rate

6.2%

Gross Yield

10.6%

Cash Flow

$625

Appreciation

8.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Property Type

Townhouse

Lot Size

2,970

HOA

None

Flood Risk

Not Required

Welcome to this beautifully renovated 2-bed 2.5-bath home where modern elegance meets cozy comfort. Step into the beautifully renovated kitchen, boasting stunning granite countertops that perfectly complement the new luxury vinyl flooring. As you explore, you'll discover a thoughtfully designed interior illuminated by new, stylish lighting fixtures, creating a warm and inviting atmosphere. This won't last long! Come and check it out today!

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NEIGHBORHOOD

SCHOOLS

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Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$15,618

Expenses

-$3,771

Property Taxes

-$2,800

Loan Payments

-$8,421

Net Cash Flow

$625

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

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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Listing Courtesy of:Joshua Moss
Agent License 341627
Franchise Realty, LLC
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10169965
Last Updated: 04/12/2024 19:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.