1,975 Sq Feet HUGE HOME!! Rented $1050 Per Month!
This 1,975 square foot home has 4 bedrooms and 2 bathrooms, 1 car garage. It is located at 1278 Gill Ave Memphis, Tennessee 38106. New Roof, New hard wood stairs installed New Floors, New Doors, New Plumbing, New Electrical, New Carpet, Fresh Paint, New Outside AC unit, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras. THIS HOME IS MASSIVE!! Cash flowing Machine!!
List Price– $90,000.00 (SOLD)
Taxes– $1,039.00 a year
Insurance– $585.00 a year
Currently Rented– $1,050.00 a month
Property Management Fee– 8% of Rent collected- $84.00
Cap Ex/Maint/Miscellaneous- $150.00
YEARLY NET CASH FLOW = $8,168.00
Super Nice Buy and Hold Investment Property near Elvis Presley Blvd.
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- 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 •
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.
