4862 Royal Run Dr Memphis, TN 38128
4bd, 2.5ba | 1,832sqft | Built in 2006
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Initial Investment
$112,057
List Price: $109,999
Purchase Price
$109,999
Down Payment
100%
Rent
$1,050

Total Return
$43,968
Annualized Return
7.7%
Cap Rate
7.2%
Gross Yield
11.5%
Cash Flow
$7,459
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Month To Month
Lease Start
06/17/2017 
Lease End
M/M
Lot Size
4,715 
HOA
None
Flood Risk
Not Required
  • Fenced in Backyard, two-car garage
  • Previous Inspection Report available in the Analysis Tab (Additional photos and systems & appliances review)
  • 30 min drive from downtown Memphis

Annual Financial Highlight
Expected Rent
$11,970
Expenses
-$3,011
Property Taxes
-$1,500
Loan Payments
$0

Net Cash Flow
$7,459
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

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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