Great location wholesale turnkey rental property!!!
PROPERTY DESCRIPTION
This is a 3 Bedroom 2 bath home located in Midtown area of Memphis TN, 1250 Square Feet. Close to new construction Sears Tower. Recently remodeled includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors. Currently tax Assessed $68,400!!!!!
List Price – $40,500.00 (SOLD)
Built- 1956
Currently Rented for $622 a Month
Property Management Fee $50 a Month
Property Taxes- $105.25 a Month
Insurance Quote -$50 a Month
Vacancy- $50.00
Maintenance- $50.00
CAP EX- $50.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $266.75
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.
- Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476
- 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.
Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses from 2007 up to the present of experience in real estate investing and property management in the Memphis and Nashville markets.
