3574 Steele St Memphis, TN 38127
3bd, 1.5ba | 1,657sqft | Built in 1956
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Initial Investment
$67,211
List Price: $65,420
Purchase Price
$65,420
Down Payment
100%
Rent
$750

Total Return
$27,530
Annualized Return
8.1%
Cap Rate
8.1%
Gross Yield
13.8%
Cash Flow
$4,794
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Vacant
Lot Size
10,290 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$8,550
Expenses
-$2,766
Property Taxes
-$990
Loan Payments
$0

Net Cash Flow
$4,794
Considerations
Property Characteristics    View Details


Inspection Contingency
This option lets the buyer specify that the home be inspected within a specific time period, during which the buyer can negotiate price or repairs based on the inspector’s findings or cancel the contract. Prior inspection reports may be available in the diligence documents. In some instances, the property has an inspection report from more than 4 months ago and needs an updated inspection.
  • The seller may be more willing to negotiate with a buyer in contract.
  • Opportunity to negotiate a lower price or repairs if any issues are discovered during the inspection process.
  • Ability to have the earnest money deposit refunded if the transaction is cancelled before the inspection contingency termination date.

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our certified property management teams protect your assets and keep things running smoothly.

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