1610 Gotten St
Memphis, TN 38111
List Price
$75,000
Initial Investment
$20,438Purchase Price
$75,000
Down Payment
25%
Rent
$950
Total Return
$44,749
Annualized Return
30.2%
Cap Rate
9.8%
Gross Yield
15.2%
Cash Flow
$2,587
Appreciation
7.2%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
6,326
HOA
None
Flood Risk
Not Required
Adorable 3bed/1bath cottage conveniently located in Prescott Village. Currently leased at $950/month. As-is cash offer preferred but could go conventional, VA, or FHA as well. Written offer with preapproval or proof of funds required prior to showing. No sign in yard. Do not disturb tenants.
See more in Analysis
Pablo Pereyra
901 Realtor
TN Agent License #287154
Annual Financial Highlights
Expected Rent
$10,830Expenses
-$2,816Property Taxes
-$1,350Loan Payments
-$4,077Net Cash Flow
$2,587See 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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SourceMemphis Area Association of Realtors
MLS #10177602
Last Updated: 07/24/2024 19:07
MLS #10177602
Last Updated: 07/24/2024 19:07