This is a CASH FLOW MACHINE!!! WITH EQUITY ALREADY IN IT! BUY AND HOLD or BUY AND FLIP!!
Purchase Price: $59,500 SOLD
Property Type: Single Family
Beds/Baths: 3 beds, 2 baths
Square Feet: 1,808 sqft
Lot Size: 0.73 acres
Year Built: 1963
Occupancy Status: Rented
PROPERTY DESCRIPTION
Tax Assed – $75,800
Comps in the Area Selling for $80k-$90k
Sg Footage 1808
Currently Rented by the same tenants for the last 3yrs – $825.00 a Month
Taxes- $1400.00 a Year
Insurance- $575.00 a Year
Property Management- 8% Currently Managed by DCC RENTALS LLC
• 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.
