NEW EVERYTHING!! RENTED $958 1 Yr Lease
Purchase Price: $65,000 (SOLD)
Property Type: Single Family
Beds/Baths: 4 beds, 2 baths
Square Feet: 2,430 sqft
Lot Size: .441 Acres
Year Built: 1953
Occupancy Status: Rented
PROPERTY DESCRIPTION
NEW EVERYTHING- RENTED $958 1yr lease!!!
5355 Airview RD Memphis Tn 38109
This is a 4 Bedroom 2 bath home located Cora Lake area of Memphis TN, Recently remodeled inside and outside includes paint,New Roof, New windows, tub, toilet, hot water tank, ceramic tile in kitchen and bathrooms, Carpet Floors, New HVAC Unit, Brand NEW Electrical system, Brand NEW Plumbing installed, new light fixtures, Huge DEN with Fire Place Area, Huge Laundry Room Area, and many many more. If you look below in the pro forma I went ahead and added all the guesstimates for vacancy, maintenance, and CAP -EX for all the skeptics and I still came out with a Cash Flow of over $400.00!!!
List Price – $65,000.00
Built- 1953
Currently Rented for $958 a Month- Section 8 Tenant on 1 year Lease!
Property Management Fee $76.64 a Month
CITY and COUNTY TAXES – $105.00 a Month
Insurance Quote -$50 a Month
Vacancy- $96.00
Maintenance- $96.00
CAP EX- $96.00
If purchased all cash expect to CASH FLOW- $438.36– CHA-CHING
If you are interested in this property please contact Derrick –901-212-4476 or email dcraig@memphisbuyandhold.com
If you are looking for more Awesome Wholesale Turnkey Investment properties Single Family Homes and or Multi-Family properties please click here – Memphis Buy and Hold then click on Memphis Investment Properties Link!!
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.
