Very NICE DUPLEX!- Rented $1,126 Total A Month! PASSIVE INCOME!
Status: SOLD
Purchase Price: $101,900
Property Type: DUPLEX
Beds/Baths: 2 Beds, 1 Bath on Each Side
Square Feet: 1,634 sqft
Lot Size: 0.155 Acres
Year Built: 1974
Occupancy Status: BOTH SIDES RENTED- $626 and $500 =$1,126
PROPERTY DESCRIPTION
4 Bedroom 2 Bathroom
List Price– $101,900
Taxes- $1,160 a year
Insurance- $550 a year
Property Management Fees- 8% of rent collected a month = $90.08 a month
Rented- $1,126 a month
Vacancy/Maintenance – $90.00 (Guesstimate)
Recent Comparable Sales-
4433 Medley LN Memphis TN 38118- Sold -$119,000- Date sold- 3-30-2020
4432 MEDLEY LN Memphis TN 38118- Sold- $118,700- Date sold- 2-23-2020
4427 Medley LN Memphis TN 38118- Sold- $131,000- Date sold- 5-28-2020
4426 Medley LN Memphis TN 38118- Sold-$131,000 – Date sold- 7-1-2020
4481 Summers Wells RD Memphis TN 38118- Sold- $116,700- Date- 3-3-2020
- 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.
