Everything Inside NEW 2 car Garage with Swimming Pool!! NEW HVAC!
Status: SOLD
Purchase Price: $115,900
Property Type: Single Family
Beds/Baths: 4 Beds, 2 Baths
Square Feet: 2,410 sqft
Lot Size: .42
Year Built: 1936
Occupancy Status: Rented- $1,163
PROPERTY DESCRIPTION
Beautiful 4 bedroom home completely rehabbed. Everything inside of the home is BRAND NEW!! Rented $1,000 a month. NEW 5 TON HVAC installed!!
Taxes $1,392 a year = $116.00 a month
Property Management Fees – 8% = $93.0 a month
1 yr. lease Rented $1,163 a month
Insurance-$675 a year = $56.25 a month
Vacancy – $50 a month
Maintenance- $50 a month
Cash flow each month = $7,773.00 if purchased all CASH!!
ROI- 7.2%
CHECK OUT VIDEO!
- 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.
