1408 S Parkway E, Memphis, TN 38106
OVER 1700 SQ FEET WITH A 2 YEAR LEASE!!
This is a 3 Bedroom 1 1/2 Bath home located close to Midtown of Memphis TN. CURB APPEAL IS UNBELIEVABLE!! Tenants just signed a 2 Year Lease!! The home has a ton of space 1704 sq feet corner lot. Nice turnkey investment property…
Home will need a new roof soon!!
1408 S Parkway E Memphis TN 38106
List Price – $47,500
Currently Rented for $650 a Month
Property Management Fee $52.00 a Month
Property TAXES- $75.17 a Month
Insurance Quote -$41.00 a Month
CAP EX- $70.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $307.83!!!
If you are interested in this property please contact: Derrick Craig – 901-212-4476<tel:(901)%20212-
Or View Memphis Buy and Hold Inventory for more deals Click- Memphis Buy and Hold<http://www.
Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time. All investors should allocate a reserve for maintenance and vacancy for any investment property. Vacancy and repairs are variable cost factors that can increase or decrease from year-to-year that will impact yields over time.