2518 Corning Ave, Memphis, TN 38127
NEW Metal Roof and Hard Wood Floors – Rented $950
Purchase Price: $65,000
Property Type: Single Family
Beds/Baths: 4 beds, 1 in a half baths
Square Feet: 1626 sqft
Lot Size: .323 Acres
Year built: 1958
Occupancy Status: Rented
Nice Spacious Home, 4 Bedrooms Hard wood Floors in Living room, Hall ways and Bedrooms New AC Condenser, Remodeled Bathrooms and Kitchen.. New Metal Roof and Metal Carport!!! The Cash Flow on this one is AMAZING!!!
Currently Rented $950 a Month- Section 8 tenant- 1 yr lease guaranteed moved in August 1st!
Taxes- $683 = $57 a month
Insurance- $500 = $42 a month
PM FEE- $76 a month
Vacancy – $60 a month– (guesstimate)
Maintenance- $70 a month – (guesstimate)
Cash Purchase Passive Cash Flow = $645 – Hello Retirement!!
Please view the video of 2518 Corning
If you are looking for more deals like this please visit www.memphisbuyandhold.com
- Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476
- 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.