Totally Brand New Turnkey Rental Property!
Status: SOLD
Purchase Price: $65,000
Property Type: Single Family
Beds/Baths: 3 beds, 1 baths
Square Feet: 900 sqft
Lot Size: .223 Acres
Year Built: 1960
Occupancy Status: Vacant
PROPERTY DESCRIPTION
This is a 3 Bedroom 1 bath home located Whitehaven area of Memphis TN, Recently remodeled inside and outside includes paint,New Roof, New windows, tub, toilet, hot water tank, ceramic tile in kitchen New Central Heating unit and bathrooms, Plank flooring in high traffic areas, Carpet in the bedrooms, wrought iron outside doors, new light fixtures, and many many more.
List Price – $65,000.00
Built- 1960
Currently- Vacant
Property Management Fee $60.00 a Month
CITY and COUNTY TAXES ONLY – $70.00 a Month
Insurance Quote -$33.33 a Month
Vacancy- $55.00
Maintenance- $55.00
CAP EX- $50.00
- 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.
