Gross Yield 14%- Rented $750A Month!
Status: SOLD
Purchase Price: $65,000
Property Type: Single Family
Beds/Baths: 3 Beds, 1 Bath
Square Feet: 1,296 sqft
Lot Size: 0.18 Acres
Year Built: 1970
Occupancy Status: Rented- $750 a month
ROI- 14%
Taxes- $803 a year = $66.92 a month
Insurance- $400 a year = $33.33 a Month
Property Management 8%- $720 a year = $60 a month
CASH PURCHASE-Passive Cash Flow = $7,077.00 a year = $589.75 a month
- 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.
