Gross Yield OVER 10%- Rented $750 A Month!
Status: SOLD
Purchase Price: $69,500 – CASH PURCHASE ONLY!!
Property Type: Single Family
Beds/Baths: 2 Beds, 1 Bath
Square Feet: 1,025 sqft
Lot Size: 0.139 Acres
Year Built: 1949
Occupancy Status: Rented- $750 a month
ROI OVER 10%
Taxes- $497 a year = $41.42 a month
Insurance- $350 a year = $29.16 a Month
Property Management 8%- $720 a year = $60 a month
This is a 2 Bedroom 1 bath home located South Memphis area of Memphis TN, recently remodeled inside and outside includes paint, New Roof, New windows, tub, toilet, hot water tank, ceramic tile in kitchen New window Heating/AC unit and bathroom remodeled, Hardwood floors though out home except kitchen and bathroom, wrought iron outside doors, new light fixtures, and many many more.
SEE VIDEO!!
- 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.
