Totally Brand-New Turnkey Rental Property! PASSIVE INCOME!!
Status: SOLD
Purchase Price: $129,000- CASH ONLY PURCHASE!!
Property Type: Single Family
Beds/Baths: 3 beds, 2 FULL baths
Square Feet: 1,177 sqft
Lot Size: .124 Acres
Year Built: 1971
Occupancy Status: Rented – $1,100.00 a month
PROPERTY DESCRIPTION
This is a 3 Bedrooms 2 FULL baths home located WESTWOOD area of Memphis, Recently remodeled inside and outside includes paint, New Roof, NEW HVAC, NEW HOT Water tank, New windows, tub, toilet, hot water tank, ceramic tile in kitchen and bathrooms/kitchen remodeled, Ceramic Tile in high traffic areas, laminate flooring in the bedrooms, wrought iron outside doors, new light fixtures, and many many more.
List Price – $129,000.00 – CASH ONLY PURCHASE!!
Built- 1971
Currently- RENTED- $1,100.00 a month
Property Management Fee- 8%
CITY and COUNTY TAXES ONLY – $79.75 a Month!!!
Insurance Quote -$53.83 a Month
Vacancy- $45.00
Maintenance- $35.00
CAP EX- $30.00
- 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.
