Totally Brand New Turnkey Rental Property!
Status: SOLD
Purchase Price: $96,500.00
Property Type: Single Family
Beds/Baths: 5 beds, 2 baths
Square Feet: 1,964 sqft
Lot Size: .182 Acres
Year Built: 1940
Occupancy Status: Rented
PROPERTY DESCRIPTION
This is a 5 Bedroom 2 bath home located near U of M, Recently remodeled inside and outside includes paint, New windows, toilet, hot water tank, ceramic tile in kitchen and bathrooms, hard wood floors sand and stained refurbished to new condition, wrought iron outside doors, new plumbing, new electrical, new light fixtures, New ROOF!!! and many many more.
List Price – $96,500.00
Built- 1940
Currently Rented for $1,000 a Month
Property Management Fee $80 a Month
CITY and COUNTY TAXES ONLY – $79.34 a Month
Insurance Quote -$48.75 a Month
Vacancy- $55.00
Maintenance- $55.00
CAP EX- $55.00
ROI- 12.43%
If purchased all cash no Mortgage you would expect to CASH FLOW- $626.91
- 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.
