Blog

CASHFLOW MONSTER!!

This is a 2 Bedroom 2 bath zero lot line home located in Hickory Hill area of Memphis TN. Very Low maintenance, quiet neighborhood, tenants really take care of the home.

3005 Charlestowne Pl Memphis, TN 38115

Status: (SOLD)
List Price – $47,000
Built- 1983
Currently Rented for $750 a Month
Property Management Fee $60.00 a Month
Property TAXES- $72.00 a Month
Insurance Quote -$38.00 a Month
Vacancy- $50.00

Maintenance- $30.00

CAP EX- $60.00

If purchased all cash no Mortgage you would expect to CASH FLOW- $440.00!!!

If you are interested in this property please contact: Derrick Craig – 901-212-4476 Text or Call or you can email dcraig@memphisbuyandhold.com

Or View Memphis Buy and Hold Inventory for more deals Click- Memphis Buy and Hold

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.