616 E Davant Ave

Memphis, TN 38106
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2 bd, 1 ba | 1,633 sqft | Built in 1927

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List Price
$64,000

Initial Investment

$17,440

Purchase Price

$64,000

Down Payment

25%

Rent

$1,100

Total Return

$49,152

Annualized Return

38.7%

Cap Rate

12.7%

Gross Yield

20.6%

Cash Flow

$3,870

Appreciation

7.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

15,000

HOA

None

Flood Risk

Not Required

INVESTOR SPECIAL! Property back on the market. Cute house with 2 bedrooms and 1 bathroom, plus a bonus room, dining room, den, walk up attic and walk down basement. Freshly painted throughout, new roof and ceramic tile/hardwood flooring. Will need additional work, including electrical and plumbing.

See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154

Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$3,941

Property Taxes

-$1,250

Loan Payments

-$3,479

Net Cash Flow

$3,870

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

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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Listing Courtesy of:Desiree Anderson
Agent License 360922
Adaro Realty, Inc.
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
TN Brokerage License 264252
SourceMemphis Area Association of Realtors
MLS #10174851
Last Updated: 06/26/2024 19:06
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