RENT INCREASED- 9.66% Cap Rate Memphis Buy and Hold!!
PASSIVE INCOME- NICE Turnkey Investment Property!!
Status: SOLD
Purchase Price: $88,500
Beds/Baths: 3 beds, 1.5 baths
Square Feet: 1,447 sqft
Lot Size: 10,500 sqft
Year Built: 1962
PROPERTY DESCRIPTION
4512 Neely Rd, Memphis, TN 38109 – Passive Cash Flow Machine!
4 Bedrooms, 1 1/2 Bathrooms
List price: $88,500
Taxes $1,164 a year = $97.00 a month
Property Management Fees – 8% = $76.00 a month
Rented $950 a month
Insurance-576 a year = $48.00 a month
Vacancy – $40 a month
Maintenance- $76 a month
Cash flow each month = $ $613.00 if purchased all CASH!!
Updates Include:
New roof, new siding, new wrought iron doors, new metal security doors, new paint inside, new electrical service, new light fixtures ceiling fans sockets etc., new plumbing, new laminate hardwood flooring, new carpet, new ceramic tile.. and the list goes on and on and on!!!
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.
Location:
4512 Neely Rd, Memphis, TN 38109
- 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.
