5304 Laurelfield Ln

Memphis, TN 38125
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3 bd, 2 ba | 1,459 sqft | Built in 2005

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List Price
$153,000

Initial Investment

$40,928

Purchase Price

$147,000

Down Payment

25%

Rent

$1,150

Total Return

$91,284

Annualized Return

26.9%

Cap Rate

6.1%

Gross Yield

9.4%

Cash Flow

$452

Appreciation

10.2%
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Features

Occupancy

Occupied

Lease Start

01/01/2017

Lease End

03/31/2020

Lot Size

3,920

HOA

None

Flood Risk

Not Required

  • 2005 year build in 3.5 star Memphis neighborhood
  • Leased through 03/2020
  • <$1,000 in immediate repairs
  • Professionally managed by Roofstock preferred manager, Renshaw Property Management

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Annual Financial Highlights

Expected Rent

$13,110

Expenses

-$3,066

Property Taxes

-$1,600

Loan Payments

-$7,992

Net Cash Flow

$452

See more in Financials

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