UPDATED HOME WITH OVER $27,000 REHAB LOOK AT VIDEO!!!
List Price: $83,000 (SOLD)
Built: 1963
Currently Rented for $900.00 a Month 1 year leased until March 2020
Property Management Fee $72.00 a Month = 8%
Taxes – $152.00 a Month
Insurance Quote -$63.00 a Month
Vacancy- $60.00
Maintenance- $55.00
CAP EX- $55.00
PROPERTY DESCRIPTION
This is a 4 Bedroom 1 and a half bath home with a 3 car garage over 1700 sq feet plus 700 sq feet in room over garage home is located in CORA LAKE area of Memphis TN, Tax assessed for $100,700… Recently remodeled January 2019 includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors, New ROOF, new electric installed, new light fixtures, updated plumbing, new carpet, has a THREE CAR GARAGE With HUGE play room above Garage and many many more. If purchased all cash no Mortgage you would expect to CASH FLOW- $443.00!!!
- 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.
