1741 Santa Clara Ave, Memphis, TN 38116
CASHFLOW FROM DAY ONE!!!
This is a 3 Bedroom 2 bath home located in Whitehaven area of Memphis TN, Long term tenant wants to stay. $4k of plumbing work recently completed in July all plumbing inside and outside brand new. Home value around property is $85k-$95k… Tons of room for rent increase!!
1741 Santa Clara Memphis, TN 38116
List Price – $79,500
Currently Rented for $789 a Month
Property Management Fee $63.12 a Month
Property TAXES- $107.58 a Month
Insurance Quote -$52.08 a Month
CAP EX- $70.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $356.22!!!
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.