Very Very Nice Spacious Home – Rented $941 Per Month!
Status: SOLD
Purchase Price: $75,000
Property Type: Single Family
Beds/Baths: 5 beds, 2 baths
Square Feet: 2,000 sqft
Lot Size: 1.255 Acres
Year built: 1941
Occupancy Status: Rented
Property Description
Very Very Nice Spacious Home, 5 large Bedrooms Hard wood Floors in Living room, Hall ways and Bedrooms. Hall Bathroom totally remodeled new Ceramic tile inside it absolutely stunning!!! HUGE DEN!! Large front and back yard for family gatherings..
Currently Rented $941.00 a Month
Taxes- $894 = $74.50 a month
Insurance- $600 = $50.00 a month
PM FEE- $75.28
Vacancy – $80 – (guesstimate)
Maintenance- $80 – (guesstimate)
Cash Purchase Passive Cash Flow = $581.22
- 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.
