Great BUY And HOLD- Passive Income!
Status: SOLD
Purchase Price: $73,500
Property Type: Single Family Home
Beds/Baths: 3 beds, 2 bath
Square Feet: 1,215 sqft
Year Built: 1961
Occupancy Status: Rented
PROPERTY DESCRIPTION
This 1215 square foot home has 3 bedrooms and 2.0 FULL bathrooms. It is located at 869 Bramblewood Ln Memphis, Tennessee. NEW Central Heating/AC, New ROOF, , totally remodeled kitchen, laundry, and bathroom, New Doors, New Plumbing, 2 Car Attached Garage very Nice BACK YARD AND FRONT YARD-Nice Corner lot, refinished hardwood floors throughout HOME, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras. Taxes- $1048 a year = $85.83 a month Insurance- $425 = $35.42 Currently Rented- $841.00 a month Property Management Fee- 8% of Rent collected- $67.28 Vacancy- $40 Maintenance- $50 Cap Ex-$50 Total cash flow each month- $512.47 PLEASE VIEW VIDEO BELOW!!
- 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.
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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.