3687 Spottswood Ave

Memphis, TN 38111
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6 bd, 4 ba | 2,736 sqft | Built in 1990

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List Price
$310,000

Initial Investment

$84,475

Purchase Price

$310,000

Down Payment

25%

Rent

$2,500

Total Return

$132,144

Annualized Return

21.1%

Cap Rate

6.0%

Gross Yield

9.7%

Cash Flow

$744

Appreciation

7.2%
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Features

Occupancy

Occupied

Lease Start

05/30/2021

Lease End

05/31/2023

Property Type

Duplex

Lot Size

8,420

HOA

None

Flood Risk

Not Required

  • Both units are currently occupied
  • Get more insight into this market here
  • Located across from highly desired University of Memphis
  • Two (2) 3-bedroom / 2-Bath Duplex Units
  • Great Student Housing (3-students per unit; 6 students total)

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Annual Financial Highlights

Expected Rent

$28,500

Expenses

-$6,603

Property Taxes

-$4,300

Loan Payments

-$16,853

Net Cash Flow

$744

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