Memphis Income Producing Turnkey Property!!! Rented $789!!

[Derrick Craig]

PROPERTY DESCRIPTION

CASHFLOW FROM DAY ONE!!!

This is a 3 Bedroom 2 bath home located in Whitehaven area of Memphis TN, Long term tenant wants to stay. $4k of plumbing work recently completed in July all plumbing inside and outside underground brand new. Home value around property is $85k-$95k... Tons of room for rent increase!!

1741 Santa Clara Memphis, TN 38116

List Price – $79,500
Built- 1968
Currently Rented for $789 a Month
Property Management Fee $63.12 a Month
Property TAXES- $107.58 a Month
Insurance Quote -$52.08 a Month
Vacancy- $70.00

Maintenance- $70.00

CAP EX- $70.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $356.22!!!

If you are interested in this property please contact: Derrick Craig - 901-212-4476 Text or Call 

or you can email [email protected] 

Visit- Memphis Buy and Hold- click on link

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.