3647 Douglass Ave

Memphis, TN 38111
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3 bd, 1 ba | 1,320 sqft | Built in 1950

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List Price
$87,000

Initial Investment

$22,675

Purchase Price

$80,000

Down Payment

25%

Rent

$895

Total Return

$40,850

Annualized Return

25.0%

Cap Rate

8.2%

Gross Yield

13.4%

Cash Flow

$1,628

Appreciation

7.2%
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Features

Occupancy

Occupied

Lease Start

08/31/2018

Lease End

08/26/2019

Lot Size

7,840

HOA

None

Flood Risk

Not Required

  • Tenant in place
  • One level home features large kitchen, family room
  • Attractive 3.5 star neighborhood score
  • Close-in location near U of Memphis, botanical gardens, golf

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$10,203

Expenses

-$3,044

Property Taxes

-$1,182

Loan Payments

-$4,349

Net Cash Flow

$1,628

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