SUPER NICE AND VERY LOW TAXES!! $1200 a Month!!
Purchase Price: $135,000 (SOLD)
Property Type: Single Family Residence
Beds/Baths: 4 beds, 2 baths
Square Feet: 1,270 sqft
Year Built: 1960
Occupancy Status: Rented for $1,200.00 a Month
Property Management Fee $96.00 a Month = 8%
Taxes – $32.50 a Month-WOW!!!!
Insurance Quote -$53.00 a Month
Vacancy- $50.00
Maintenance- $45.00
CAP EX- $55.00
PROPERTY DESCRIPTION
This is a 4 Bedroom 2 full bathrooms carport over 1270 sq feet home is located in WESTWOOD area of Memphis TN, … Recently remodeled August 2022 includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors, new windows, new hot water tank, new electric installed, new light fixtures, updated plumbing, new Electric Wall heaters and New window heating and AC unit which covers 1500 sq feet installed, New wood privacy fence installed.
- 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.
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.