Over 2000 Sq Feet HUGE HOME!! Rented $1725 Per Month!
Purchase Price: $159,000 (SOLD)
Property Type: Single Family Residence
Beds/Baths: 4 beds, 2 Baths
Square Feet: 2414 sqft
Year Built: 1959
Occupancy Status: Rented- $1,725.00
PROPERTY DESCRIPTION
This 2414 square foot home has 4 bedrooms and 2 Full Bathrooms. It is located at 2074 Wellons Memphis, Tennessee 38127. New hard wood stairs installed New Floors, New WOOD FENCE INSTALLED, New Doors, New Plumbing updated, New Electrical updated, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, New hot water tank, New 5-ton HVAC system installed and Many more added extras. 2 story Home Cash flowing Machine!!
List Price- $159,000.00
Taxes- $1,300.00 a year
Insurance- $750.00
Currently Rented- $1,725.00
Property Management Fee- 8% of Rent collected- $138.00
Cap Ex/Maint/Miscellaneous- $100.00
YEARLY NET CASH FLOW = $17,844.00
Super Nice Buy and Hold Investment Property!!
PLEASE VIEW VIDEO BELOW
- 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.
