PASSIVE INCOME MACHINE!
Status: AVAILABLE
Purchase Price: $87,500.00
Property Type: Single family
Beds/Baths: 3 beds, 1 baths
Square Feet: 960 sqft
Lot Size: 5,227 sqft
Year Built: 1954
Occupancy Status: Currently Rented for $775 a Month
PROPERTY DESCRIPTION
This is a 3 Bedroom 1 bath home located in South Memphis area of Memphis TN, 960 Square Feet.
Property Management Fee $62 a Month.
Property Taxes- $35.00 a Month – TAXES ONLY!!!
Insurance Quote -$50 a Month
Vacancy- $45.00
Maintenance- $45.00
CAP EX- $55.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $483.00
Contact if you are interested in this property- Derrick Craig
901-212-4476 Call or Text
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.
