Memphis Income Producing Turnkey Property

[Derrick Craig]

PROPERTY DESCRIPTION

Passive Income Machine!!

This is a 3 Bedroom 1 bath home located in Northaven area of Memphis TN, 1052 Square Feet. Near Downtown Memphis and Millington Navy Base.

List Price – $35,000.00- (Price is negotiable)
Built- 1973
Currently Rented for $630 a Month
Property Management Fee $50 a Month
Property Taxes- $27.00 a Month - COUNTY TAXES ONLY - NO CITY TAXES
Insurance Quote -$50 a Month
Vacancy- $65.00

Maintenance- $65.00
CAP EX- $55.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $318.00

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Contact if you are interested in this property- Derrick Craig -Memphis Buy and Hold

Call or Text-901-212-4476  email- [email protected]

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.