Nice Cash Flowing Home Rented $970 – 17.9% CAP RATE
Status: SOLD
Purchase Price: $65,000
Rented: $970
Property Type: Single-Family Home
Beds/Baths: 4 beds, 2 baths
# of Units: 1
Square Feet:1,421
Occupancy Status: RENTED
Year Built: 2001
Yearly Property Tax: $977
PROPERTY DESCRIPTION
3131 Faxon Memphis TN is a really nice cash flowing home. 4 beds and 2 full bath built in 2001. HOME HAS KITCHEN, LIVING ROOM, LAUNDRY ROOM, 2 FULL BATHROOMS, CENTRAL HEAT AND AC, VERY QUIET NEIGHBORHOOD, HAS , WILL HAVE wrought IRON DOORS. AND wrought IRON ON WINDOWS. CAN’T BEAT THE PRICE FOR ANY 4 BEDROOM HOME IN MEMPHIS.
Disclosure: Estimated values reflect the date of this posting. Due to continually changing market conditions, estimated values may change slightly based on the time of refinance, changing market conditions, and/or the individual performing the analysis.
- 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 .
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.
