15% ROI- MEMPHIS Buy And Hold!!
Status: SOLD
Purchase Price: $49,900
Property Type: Single Family
Beds/Baths: 3 beds, 1 1/2 bath
Square Feet: 1,496
Built: 1956
Occupancy Status: Rented
PROPERTY DESCRIPTION
Currently Rented for: $700 a Month Sec 8 tenant
Property Management Fee: $56 a Month
Property Taxes: $74.67 a Month
Insurance Quote: $45 a Month
Vacancy: $45.00
Maintenance- $50.00
CAP EX- $50.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $379.33
ROI = 15%
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.
