Income Property – Rented $800 A Month LONG Term Tenant
Status: SOLD
Price: $65,500
Property Type: Single Family
Beds/Baths: 3 beds, 2 baths
Square Feet: 1,210 sqft
Lot Size: .8,500 sqft
Year Built: 2003
Currently Rented $800 a Month
Taxes – $1,148 = $95.67 a month
Insurance – $580 = $48.33 a month
PM FEE 8% – $64
Vacancy – $64 – (guesstimate)
Maintenance – $64 – (guesstimate)
Cap Ex – $80 – (guesstimate)
Cash Purchase -Monthly Passive Cash Flow = $384.00
BEST WHOLESALE TURNKEY REAL ESTATE INVESTMENTS IN MEMPHIS TN!!
Tax assessed $62,200 !!
This single family brick home rented for $800.00 a month built in 2003
Very Quiet area in Raleigh, 4 Bed Room 2 Full Bath
Return on Investment is HUGE!! Very Low Maintenance issues…
- 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.
