5454 Apple Blossom Dr Memphis, TN 38115
6bd, 4ba | 2,478sqft | Built in 1973
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Initial Investment
$76,117
List Price: $73,096
Purchase Price
$73,096
Down Payment
100%
Rent
$1,300

Total Return
$43,171
Annualized Return
11.2%
Cap Rate
12.0%
Gross Yield
21.3%
Cash Flow
$7,877
Appreciation
1.8%
Property Management Options
  • (901) 289-7888
    dan@crestcore.com
    4435 Sumner Ave
    Memphis, TN 38122
    CrestCore Realty LLC
    Property Management Fee:
    8% of monthly rent collected
    Leasing Fee:
    50% of first month's rent
    Renewal Leasing Fee:
    $175 per renewal
    Maintenance Fee:
    15% of project cost
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    15% of project cost
    At CrestCore, we believe that everyone’s future can improve with planning and hard work. As a market-leading real estate firm, our desire is to partner with people who are intentionally seeking to create a better future for themselves through residential rental property.
  • (901) 820-4367 x1005
    bob@renshawpropertymanagement.com
    5865 Ridgeway Center Parkway, Suite 101
    Memphis, TN 38120
    Renshaw Property Management
    Property Management Fee:
    8% of Monthly Rent Collected
    Leasing Fee:
    50% of First Month Rent
    Renewal Leasing Fee:
    None
    Maintenance Fee:
    $130 annual fee, per unit
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    12% of Total Project Cost
    Renshaw Property Management focuses on residential rental properties in Memphis, Germantown, Collierville, Cordova, Olive Branch, Southaven and the surrounding areas in the Mid-South. Our professionals have more than 100 years of combined experience in the residential property management industry – just a few things that make us a trustworthy partner for any tenant or property owner.
  • (901) 800-6693
    mmartin@reedyandcompany.net
    4701 Sumner Ave
    Memphis, TN 38122
    Reedy and Company Realtors, LLC
    Property Management Fee:
    8% of Monthly Rent Collected
    Leasing Fee:
    50% of First Month Rent
    Renewal Leasing Fee:
    None
    Maintenance Fee:
    $75 annual occupied inspection fee, per unit
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    None
    Reedy and Company Realtors, LLC is a full service property management company, helping clients from all over the world with the management of their investment portfolios. Our commitment to excellent customer service and communication is what makes our company the leader in Memphis property management.
  • (901) 641-3200
    btrombly@homeriver.com
    1355 Lynnfield Road, Ste 195
    Memphis , TN 38119
    HomeRiver Group
    Property Management Fee:
    8% of monthly rent collected
    Leasing Fee:
    50% of first month's rent
    Renewal Leasing Fee:
    $250
    Maintenance Fee:
    15% of the maintenance charge
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    15% of the construction job
  • Tips for Self Managing Properties
    You’ve invested in a Rental Property, and are thinking about managing the property yourself? Here are the items you need to be aware of: Renting, Operating, Risk Management
    Self manage / Other
    Renting
    • Get property ready
    • Advertise
    • Show the property
    • Applicant screening
    • Move in tenants

    Operating
    • Collect rent
    • Repair requests
    • Home inspections
    • Move out process

    Risk Management
    • Fair housing
    • Insurance liability
    • Property damage
    • Habitability issues
    • Legal costs
Property Characteristics
  • Roofstock Guarantee
    What is it?
    Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
    Benefits
    • All properties come with our 30-day money back guarantee
    • Enjoy guaranteed rent on vacant, rent-ready properties starting 45 days after closing. Plus, you will also pay no monthly management fees until your property is leased.
    • This offer applies to all single-family properties and excludes duplexes, triplexes and fourplexes.
Investment Terms
Purchase Price of $73,096 has been established by the Seller and it reflects the price at which Seller is willing to transact. If this property accepts offers, then please submit a reasonable offer for consideration.

Marketplace Fee of $500 must be paid to secure your investment property, remove it from the marketplace and initiate the purchase process.If your offer has a contingency and you cancel before the contingency termination date, the Marketplace fee will be refunded. It is non-refundable in all other cases.

Purchase and Sale Agreement (PSA): A PSA will be delivered electronically promptly following payment of the Marketplace Fee and must be executed by Buyer within 24 hours of receipt.

Earnest Money Deposit (EMD) of $1,500 must be wired to the Title Company within 3 days of PSA signing.

Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 30 days of PSA execution for financing unless otherwise agreed by Buyer and Seller

Lease Agreement: The current lease agreement will be provided to Buyer at Closing.

Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Roofstock to lower transaction costs for Buyers and Sellers. An estimate of closing costs is provided in the Diligence Vault and actual closing costs will be outlined on the final settlement statement.

Title and Settlement Provider: Roofstock's standard closing process includes preferred partners who act as the title and escrow agent for this property. Our preferred partners have agreed to provide discounted escrow and settlement services to purchasers of properties via the Roofstock marketplace to lower your investment costs. If you would like to use a different provider for these services, please contact us.

Listing Broker: Roofstock Realty, LLC

Learn more about the investment process