21% ROI- Buy and Hold!!
Status: SOLD
Purchase Price: $28,500
Property Type: Single Family
Beds/Baths: 3 beds, 1 bath
Square Feet: 1,300
Built: 1945
Occupancy Status: Rented
PROPERTY DESCRIPTION
Currently Rented for: $530 a Month Sec 8 tenant
Property Management Fee: $42.40 a Month
Property Taxes: $47.25 a Month
Insurance Quote: $45 a Month
Vacancy: $45.00
Maintenance- $50.00
CAP EX- $50.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $250.35
ROI = 21.27%
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.
