3005 Charlestowne Pl, Memphis, TN 38115
This is a 2 Bedroom 2 bath zero lot line home located in Hickory Hill area of Memphis TN. Very Low maintenance, quiet neighborhood, tenants really take care of the home.
3005 Charlestowne Pl Memphis, TN 38115
Status: (Under Contract)
List Price – $59,500
Currently Rented for $750 a Month
Property Management Fee $60.00 a Month
Property TAXES- $72.00 a Month
Insurance Quote -$38.00 a Month
CAP EX- $60.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $440.00!!!
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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.