13% CAP RATE- Downtown 4 bed 2 bath
Purchase Price: $135,500
Property Type: Single Family Home
Beds/Baths: 4 beds, 2 bath
Square Feet: 1,200 sqft
Year Built: 1959
Occupancy Status: Rented
PROPERTY DESCRIPTION
This 1,200 square foot home has 4 bedrooms and 2.0 bathrooms. It is located at 966 Tennessee St. Memphis, Tennessee 38106. New Heating/AC Units, New Roof, New ceramic tile Floors, New Doors, New Plumbing updates, New Electrical updates, WALKING DISTANCE TO DOWNTOWN, NEW WOOD PRIVACY FENCE, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilet, BRAND NEW EVERYTHING!!! and Many more added extras.
List Price – $135,500
Taxes – $383 a year = $31.92 A MONTH
Insurance – $400 = $33.34 A MONTH
Currently Rented – $1,500.00
Property Management Fee – 8% of Rent collected- $120
Vacancy – $50
Maintenance – $50
Cap Ex – $50
PLEASE SEE VIDEO BELOW!
- 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.
