Rented $1,150 Per Month! Built in 1995
Purchase Price: $113,500 – CASH ONLY PURCHASE!! (SOLD)
Property Type: Single Family Home
Beds/Baths: 3 beds, 1 bath
Square Feet: 1,080 sqft
Year Built: 1995
Occupancy Status: Rented
PROPERTY DESCRIPTION
This 1,080 square foot home has 3 bedrooms and 1.0 bathrooms. It is located at 726 Richmond Ave Memphis, Tennessee. New Central Heating AC Units, New Roof, New laminate Floors, New Doors, New Plumbing updates, New Electrical updates, LARGE BACK YARD, New Carpet in bedrooms, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilet, and Many more added extras.
List Price- $113,500
Taxes- $920 a year = $76.67
Insurance- $575 = $48.00
Currently Rented- $1,150.00
Property Management Fee- 8% of Rent collected- $92
Vacancy- $40
Maintenance- $60
Cap Ex-$50
- 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.
