CASHFLOW MONSTER!!
This is a 4 Bedroom 1 bath home located in Binghampton area of Memphis TN…Over 1498 Square Feet… Recently remodeled 2019 includes paint, ceramic tile in kitchen and bathrooms, refinished hard wood tough out floors, wrought iron outside doors, new HVAC, New ROOF, new electric installed, new light fixtures, and many many more.
List Price: $73,000 (SOLD)
Built: 1915
Currently Rented for $1,017.00
Property Management Fee $81.36 a Month
Taxes – $49.17 a Month
Insurance Quote -$46.00 a Month
Vacancy- $45.00
Maintenance- $55.00
CAP EX- $55.00
If purchased all CASH you would expect to CASH FLOW- $685!!!
PLEASE VIEW VIDEO!!!
- 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.
