3560 Sq Feet HUGE HOME!! Rented $1,695 Per Month!
Purchase Price: $203,000 AVAILABLE!!
Property Type: Single Family Residence
Beds/Baths: 5 beds, 5 baths
Square Feet: 3560 sqft
Year Built: rebuilt – 2006
Occupancy Status: Rented
PROPERTY DESCRIPTION
List Price – $203,000.00
Taxes – $1,754.00 a year
Insurance – $570.00
Currently Rented – $1,695.00
Property Management Fee – 8% of Rent collected- $135.60
Cap Ex/Maint/Miscellaneous – $100.00
YEARLY NET CASH FLOW = $15,188.80
Super Nice Buy and Hold Investment Property near Elvis Presley Blvd.
Please see video below!!
- 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.
