4979 Frankie Ln Memphis, TN 38109
4bd, 1.5ba | 1,475sqft | Built in 1960
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Initial Investment
$73,391
List Price: $69,000
Purchase Price
$69,000
Down Payment
100%
Rent
$750

Total Return
$26,029
Annualized Return
7.1%
Cap Rate
7.9%
Gross Yield
13.0%
Cash Flow
$4,966
Appreciation
1.8%
Features
Occupancy
Occupied
Lease Start
04/01/2019 
Lease End
03/31/2020 
Lot Size
8,098 
HOA
None
Flood Risk
Not Required
  • Attractive cap rate, meets 1% rule
  • Top school scores
  • Close to schools, shopping, and 6 miles to Memphis International Airport

Annual Financial Highlight
Expected Rent
$8,550
Expenses
-$2,584
Property Taxes
-$1,000
Loan Payments
$0

Net Cash Flow
$4,966
Considerations
Property Characteristics    View Details

Roofstock Guarantee
Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
  • All properties come with our 30-day money back guarantee
  • Enjoy guaranteed rent on vacant properties starting 45 days after the home is rent-ready. Plus you will also pay no monthly management fees until your property is leased.
  • This offer applies to all single-family properties and excludes properties with more than 2 units (duplex, triplex, fourplexes), commercial properties and Roofstock portfolios.

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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