650 Vance Ave, Memphis TN, 38126
Totally Brand New Turnkey Rental Property!
Purchase Price: $70,000
Property Type: Single Family
Beds/Baths: 3 beds, 1 baths
Square Feet: 1,102 sqft
Lot Size: ,300 Acres
Year Built: 1945
Occupancy Status: Rented
TOTALLY BRAND NEW TURNKEY RENTAL PROPERTY!!!
This is a 3 Bedroom 1 bath home located Downtown area of Memphis TN, Recently remodeled inside and outside includes paint,New Roof, New windows, tub, toilet, hot water tank, ceramic tile in kitchen and bathrooms, hard wood floors sand and stained refurbished to new condition, wrought iron outside doors, new wood privacy fence, new garage door, new light fixtures, and many many more.
List Price – $70,000.00
Currently Rented for $850 a Month
Property Management Fee $68.00 a Month
CITY and COUNTY TAXES ONLY – $38.58 a Month- You can’t beat that!!
Insurance Quote -$31.25 a Month
Vacancy- $85.00 Maintenance- $85.00
CAP EX- $85.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $457.17
CHECK OUT VIDEO
If you are interested or have any questions about this property please contact me:
Memphis Buy and Hold
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.