Very NICE Home Rented $797 A Month! 15.5% CAP RATE
Status: SOLD
Purchase Price: $61,500
Property Type: Single Family
Beds/Baths: 3 Beds, 2 Bath
Square Feet: 1,614sqft
Lot Size: .264 acres
Year Built: 1954
Occupancy Status: Rented- $797 a month – 1 year lease signed
PROPERTY DESCRIPTION
3 Bedroom 2 Bathrooms
List Price- $61,500
Taxes- $799 a year
Insurance- $475 a year
Property Management Fees- 8% of rent collected a month
Rented- $797 a month
- 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 .
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.
