4512 Neely Rd, Memphis, TN 38109
2 Yr Lease NICE Turnkey Investment Property!!
Purchase Price: $90,000
Beds/Baths: 3 beds, 1.5 baths
Square Feet: 1,447 sqft
Lot Size: 10,500 sqft
Year Built: 1962
4512 Neely Rd, Memphis, TN 38109 – Passive Cash Flow Machine!
4 Bedrooms, 1 1/2 Bathrooms
List price: $90,000
Taxes $1,164 a year = $97.00 a month
Property Management Fees – 8% = $76.00 a month
2 yr lease Rented $950 a month
Insurance-576 a year = $48.00 a month
Vacancy – $40 a month
Maintenance- $76 a month
Cash flow each month = $ $613.00 if purchased all CASH!!
New roof, new siding, new wrought iron doors, new metal security doors, new paint inside, new electrical service, new light fixtures ceiling fans sockets etc., new plumbing, new laminate hardwood flooring, new carpet, new ceramic tile.. and the list goes on and on and on!!!
• 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.