Everything Inside and Outside Brand New!!
Status: SOLD
Purchase Price: $82,900
Property Type: Single Family
Beds/Baths: 6 Beds, 4 Baths
Square Feet: 2,100 sqft
Lot Size:
Year Built: 1952
Occupancy Status: Rented
PROPERTY DESCRIPTION
Beautiful 6 bedroom home completely rehabbed. Everything inside and outside of the home is BRAND NEW!! Rented $1,058 a month.
Taxes $1,566 a year = $130.50 a month
Property Management Fees – 8% = $84.64 a month
1 yr lease Rented $1,058 a month
Insurance-675 a year = $56.25 a month
Vacancy – $60 a month
Maintenance- $70 a month
Cash flow each month = $ $656.61 if purchased all CASH!!
ROI- 12.69%
- 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.
