Nice Passive Income Property- Rented $625
Status: SOLD
Purchase Price: $43,500
Property Type: Single Family
Beds/Baths: 3 Beds, 2 Baths
Square Feet: 1,100 sqft
Lot Size: .165 Acres
Year Built: 1959
Occupancy Status: Rented- Sec 8 tenant
PROPERTY DESCRIPTION
Rented Sec 8 1 yr tenant- $65
Taxes- $819 a yr
Insurance- $375 a yr
PM FEE 8%- $53.60 a month
- 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 •
- 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.
