650 Vance Ave, Memphis TN, 38126

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Totally Brand New Turnkey Rental Property!

Status: SOLD
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

PROPERTY DESCRIPTION

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
Built- 1945
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

ROI- 14.57%
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:

Derrick Craig 
dcraig@memphisbuyandhold.com
901-212-4476 text or call!!!

Memphis Buy and Hold
www.memphisbuyandhold.com

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.