4739 Northwood Hills Dr, Memphis, TN 38128
HOT OFF THE PRESS A BRAND NEW TURNKEY RENTAL PROPERTY!!!
This is a 4 Bedroom 2 1/2 bath home located in Raleigh area of Memphis TN, Recently remodeled includes paint, ceramic tile in kitchen and bathrooms, hard wood foors, wrought iron outside doors, new wood privacy fence, new garage door, new light fixtures, new carpet, and many many more.
List Price – $120,000.00
Currently Rented for $1,228.00 a Month
Property Management Fee $98.24 a Month
Only has County Taxes NO CITY TAXES- $54.26 a Month
Insurance Quote -$62.50 a Month
Vacancy- $60.00 Maintenance- $60.00
CAP EX- $60.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $833.00!!!
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.