Newly Rehabbed And Rented $738 Per Month!
Purchase Price: $48,500 (SOLD)
Property Type: Single Family Home
Beds/Baths: 3 beds, 1 bath
Square Feet: 1,199 sqft
Year Built: 1958
Occupancy Status: Rented
PROPERTY DESCRIPTION
This 1199 square foot condo home has 3 bedrooms and 1.0 bathrooms. It is located at 3389 Redbud Rd Memphis, Tennessee. Central Heating, Window AC Units, New Siding, New Floors, New Doors, New Plumbing, New Electrical, New Storage house in the Back yard, LARGE BACK YARD AND FRONT YARD, New Carpet in bedrooms, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras.
List Price- $48,500
Taxes- $770 a year = $64.17
Insurance- $375 = $31.25
Currently Rented- $738.00- 1 Year Lease Section 8 Tenant
Property Management Fee- 8% of Rent collected- $59
Vacancy- $40
Maintenance- $60
Cap Ex-$50
Total cash flow each month- $433.58
PLEASE VIEW VIDEO BELOW!!
- 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.
