Totally Brand New Turnkey Rental Property! SUPER LOW TAXES!!
Status: SOLD
Purchase Price: $105,000- CASH ONLY PURCHASE!!
Property Type: Single Family
Beds/Baths: 4 beds, 2 baths
Square Feet: 1,413 sqft
Lot Size: .114 Acres
Year Built: 1998
Occupancy Status: RENTED- $1,300- a month
PROPERTY DESCRIPTION
This is a 4 Bedrooms 2 baths home located North Memphis, Recently remodeled inside and outside includes paint, New Roof, New windows, tub, toilet, hot water tank, ceramic tile in kitchen and bathrooms/kitchen remodeled, Ceramic Tile in high traffic areas, laminate flooring in the bedrooms, wrought iron outside doors, new light fixtures, and many many more.
List Price – $105,000.00 – CASH ONLY PURCHASE!!
Built- 1998
Currently- RENTED- $1,300 – a month
Property Management Fee- 8%
CITY and COUNTY TAXES ONLY – $58.60 a Month!!!
Insurance Quote -$33.33 a Month
Vacancy- $45.00
Maintenance- $35.00
CAP EX- $30.00
- 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.
