961 N Highland St Memphis, TN 38122
4bd, 2ba | 1,500sqft | Built in 1967
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Initial Investment
$93,520
List Price: $89,900
Purchase Price
$89,900
Down Payment
100%
Rent
$1,120

Total Return
$41,622
Annualized Return
8.8%
Cap Rate
9.2%
Gross Yield
14.9%
Cash Flow
$7,527
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
10/09/2019 
Lease End
09/30/2020 
Property Type
Duplex
Lot Size
7,590 
HOA
None
Flood Risk
Not Required
  • Duplex - both units are occupied
  • Seller willing to offer a $1,200 repair credit
  • Impressive Cap Rate
  • Filter delivery service fee included in monthly rent of $10.00

Annual Financial Highlight
Expected Rent
$12,768
Expenses
-$3,841
Property Taxes
-$1,400
Loan Payments
$0

Net Cash Flow
$7,527
Considerations
Property Characteristics    View Details


Roofstock Exclusive
This property is listed directly from the seller and only available through the Roofstock marketplace.
  • You can avoid competition and "buy it now" at the list price.​
  • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
  • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
  • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.

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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