UPDATED HOME WITH OVER $22,000 REHAB LOOK AT VIDEO!!!
This is a 3 Bedroom 1 bath home located in Frayser area of Memphis TN, Tax assessed $53,900… Recently remodeled 2017 includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors, new wood privacy fence, new HVAC, New ROOF, new electric installed, new light fixtures, new carpet, and many many more.
List Price – $69,500
Currently Rented for $866.00 a Month- Sec 8 Tenant 1 yr Lease
Property Management Fee $69.28 a Month
Taxes – $92.50 a Month
Insurance Quote -$42.00 a Month
CAP EX- $60.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $482.22!!!
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.
Contact: Derrick Craig at 901-212-4476 or email firstname.lastname@example.org if you are interested in this property… We have not priced it as of yet but please keep looking at our available properties site and it will be updated on it very soon… Don’t forget to view the video on this beautiful Cash Flowing property below..