Income Property – Rented $950 a Month LONG term Tenant
PROPERTY DESCRIPTION
Super Nice Spacious Condo, 3 large Bedrooms 2 and half Bathrooms -Hard wood Floors in Living room, Hall ways and Bedrooms. Master Bathroom and Hall Bathroom totally remodeled new everything inside it absolutely stunning!!! Brand New Kitchen Cabinets, Sinks, Lights, Fixtures updated Electrical andPlumbing, Ceramic Tile in Bathrooms and Kitchen and Fire Place, Nice sized Game Room.
Status: (SOLD)
Price: $59,500
Currently Rented $950 a Month
Taxes- $1261 = $105.09 a month
Insurance- $650 = $54.17 a month
PM FEE 8%- $76
HOA FEE – $85 a month
Vacancy – $76 – (guesstimate)
Maintenance- $76 – (guesstimate)
Cash Purchase Monthly Passive Cash Flow = $477.74
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.
- 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.
