Rented $775 Per Month! Memphis Passive Income Machine!
Status: SOLD
List Price: $64,500
Taxes: $1197 a year = $99.75 a month
Insurance: $475 a year = $39.58 a month
Currently Rented: $775.00 – 1 yr lease
Property Management Fee: 8% of Rent collected- $62.00
Vacancy: $50
Cap Ex: $25
Maintenance: $35
Total Estimated Net Monthly Income w/cash purchase- $463.67 PASSIVE INCOME!!
PROPERTY DESCRIPTION
Description of Work Completed:
Tear out/Gut interior of home, all sheetrock in living room, laundry room and dining room.
Treat all wood for mold and replace wood as needed
Replace sheetrock, mud and tape prep for paint
Restore and clean all flooring throughout
Restore both bathrooms. Install sink Install lights, and vanity
Restore kitchen. Install cabinets, countertops, and all fixtures, and lights in kitchen
Replace doors interior as needed and install all hinges and knobs, vents (ac/heat), light switches & plates
Replace all baseboards and trim interior.
Paint interior and exterior, replace all damaged wood, gutter, frame, etc as needed.
Paint interior and exterior doors, demo exterior sheds on property
Restore mailbox and address number exterior
Restore, repair and paint exterior storm doors
Repair, restore, replace any windows as needed
Replace entire roof
Manicure yard and clean off fence line
Repair/replace all electrical needed
Repair/replace all plumbing needed
Repair condenser as needed and replace furnace on HVAC
- 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.
