Super Low Taxes – Rented $923 Per Month!
Purchase Price: $95,000 (SOLD)
Property Type: Single Family Home
Beds/Baths: 3 beds, 2 and half baths
Square Feet: 1,405 sq ft
Year Built: 2006
Occupancy Status: Rented
PROPERTY DESCRIPTION
This 1,405 square foot home has 3 bedrooms and 2 and a half bathrooms. It is located at 4866 Royal Run Dr. Memphis, Tennessee 38128. New Roof, New Siding, New Floors, New Doors, New Plumbing, New Electrical, New Carpet, New Windows, Fresh Paint, New Light Fixtures/Ceiling Fans, New HVAC, and Many more added extras.
List Price- $95,000
Taxes- $673 a year = $56.09 a month
Insurance- $500 a year = $41.67 a month
Currently Rented- $923.00 – Section 8 Tenant 1 year lease
Property Management Fee- 8% of Rent collected- $73.84
Vacancy- $70
Cap Ex- $70
Maintenance- $70
Total Estimated Net Monthly Income- $583.07 PASSIVE INCOME!!
- 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.
