Very NICE Home!- Rented $600 A Month! PASSIVE INCOME!
Status: SOLD
Purchase Price: $44,900
Property Type: Single Family
Beds/Baths: 3 Beds, 1 Bath
Square Feet: 985 sqft
Lot Size: 0.155 Acres
Year Built: 1963
Occupancy Status: Rented
PROPERTY DESCRIPTION
3 Bedroom 1 Bathroom
List Price– $44,900
Taxes- $748 a year
Insurance- $350 a year
Property Management Fees- 8% of rent collected a month = $50.00 a month
Rented- $600 a month
Vacancy/Maintenance – $90.00 (Guesstimate)
Cash Purchase Monthly Cashflow = $367.00!!!
- 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.
