975 Norfleet Ave Memphis, TN 38109
3bd, 1ba | 909sqft | Built in 1970
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Initial Investment
$71,715
List Price: $69,500
Purchase Price
$69,500
Down Payment
100%
Rent
$750

Est. market rent may range from $694 to $806


Total Return
$28,853
Annualized Return
7.9%
Cap Rate
8.1%
Gross Yield
12.9%
Cash Flow
$5,085
Appreciation
1.8%
Features
Roofstock Certified
Occupancy
Vacant
Guaranteed Rent
Yes
Lot Size
4,485 
HOA
None
Flood Risk
Not Required

Annual Financial Highlight
Expected Rent
$8,550
Expenses
-$2,465
Property Taxes
-$1,000
Loan Payments
$0

Net Cash Flow
$5,085
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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