Passive Cash Flowing Condo in Memphis TN Very Nice Quiet Area!!

[Derrick Craig]

Hello Bigger Pockets Community...

Please view our NEW passive cash flowing turnkey condo for sale

This 1582 square foot condo home has 3 bedrooms and 3.0 bathrooms. It is located at 5521 Quail Thicket Dr Memphis, Tennessee. New Roof, New Siding, New Floors, New Doors, New Plumbing, New Electrical, New Carpet, Fresh Paint, New Dish Washer, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras.

List Price- $52,500

HOA FEE $185- Covers All Exterior of property, Club House, Pool, Drive way, Lawn, etc

Taxes- $955 a year

Insurance- $475- Only Covers inside contents

Currently Rented- $895

Property Management Fee- 8% of Rent collected- $71.60

Super Nice Investment, Quiet area in Raleigh less than a mille from Bartlett TN.

Please view Video of Property -

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.

If you are interested in more details/pictures about this property please contact me

Derrick Craig - 901-212-4476

[email protected]

www.memphisbuyandhold.com