Passive Income Machine!!
This is a 3 Bedroom 1 bath home located in Northaven area of Memphis TN, 1052 Square Feet. Near Downtown Memphis and Millington Navy Base.
List Price – $35,000.00 (Sold)
Currently Rented for $630 a Month
Property Management Fee $50 a Month
Property Taxes- $27.00 a Month – COUNTY TAXES ONLY – NO CITY TAXES
Insurance Quote -$50 a Month
CAP EX- $55.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $321.00
Contact if you are interested in this property- Derrick Craig -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.