3644 Faxon Ave

Memphis, TN 38122
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3 bd, 1 ba | 1,199 sqft | Built in 1942

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List Price
$120,000

Initial Investment

$33,291

Purchase Price

$118,500

Down Payment

25%

Rent

$1,100

Total Return

$66,946

Annualized Return

26.6%

Cap Rate

7.7%

Gross Yield

11.1%

Cash Flow

$2,058

Appreciation

8.3%
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Features

Occupancy

Vacant

Lease Up Guarantee

Yes

Lot Size

9,400

HOA

None

Flood Risk

Not Required


See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$3,181

Property Taxes

-$859

Loan Payments

-$6,442

Net Cash Flow

$2,058

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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