Super Low Taxes – Rented $1,352 Per Month!
Purchase Price: $130,000 (SOLD)
Property Type: Single Family Home
Beds/Baths: 5 beds, 3 full baths
Square Feet: 2,380 sq ft
Year Built: 1969
Occupancy Status: Rented- $1,352.00 a month
PROPERTY DESCRIPTION
This 2,380 square foot home has 5 bedrooms and 3 Full bathrooms. It is located at 3526 New Horn Lake Rd. Memphis, Tennessee 38109. New Roof, New Siding, New Floors, New Doors, New Plumbing, New Electrical, New Carpet, New Windows, Fresh Paint, New Light Fixtures/Ceiling Fans, and Many more added extras.
List Price- $130,000- CASH ONLY
Taxes- $1008 a year = $84 a month
Insurance- $600 a year = $50 a month
Currently Rented- $1,352.00 – 1 year lease
Property Management Fee- 8% of Rent collected- $108.16
Vacancy- $100
Cap Ex- $70
Maintenance- $70
Total Estimated Net Monthly Income- $978.00 PASSIVE INCOME!!
Please look at video….
- 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.
