Newly Rehabbed And Rented $750 Per Month!
Status: SOLD
Purchase Price: $69,500
Property Type: Single Family Home
Beds/Baths: 3 beds, 1 bath
Square Feet: 1,053 sqft
Year Built: 1971
Occupancy Status: Rented
PROPERTY DESCRIPTION
This 1053 square foot home has 3 bedrooms and 1.0 bathrooms. It is located at 150 Maxwell Dr Memphis, Tennessee. Central Heating/AC, New ROOF, New Ceramic tile floors in kitchen and bathrooms, totally remodeled kitchen, laundry, and bathroom, New Doors, New Plumbing, 2 Car Garage in back and 1 Car Carport in front, Nice BACK YARD AND FRONT YARD-Nice Corner lot, New Carpet in 1 bedrooms, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras.
Taxes- $1030 a year = $85.83 a month
Insurance- $425 = $35.42
Currently Rented- $750.00- 1 Year Lease
Property Management Fee- 8% of Rent collected- $60
Vacancy- $40
Maintenance- $60
Cap Ex-$50
Total cash flow each month- $418.75
PLEASE VIEW VIDEO BELOW!!
- 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.
- Memphis Property Management
- Memphis Turnkey Investment Properties
- DCC Rentals LLC
