OVER 1700 SQ FEET WITH A 2 YEAR LEASE!! Investment Property

[Derrick Craig]

PROPERTY DESCRIPTION

OVER 1700 SQ FEET WITH A 2 YEAR LEASE!!

This is a 3 Bedroom 1 1/2 Bath home located close to Midtown of Memphis TN. CURB APPEAL IS UNBELIEVABLE!! Tenants just signed a 2 Year Lease!! The home has a ton of space 1704 sq feet corner lot.  Nice turnkey investment property...

Home will need a new roof soon!!

1408 S Parkway E Memphis TN 38106

List Price – $47,500
Built- 1937
Currently Rented for $650 a Month
Property Management Fee $52.00 a Month
Property TAXES- $75.17 a Month
Insurance Quote -$41.00 a Month
Vacancy- $52.00

Maintenance- $52.00

CAP EX- $70.00

If purchased all cash no Mortgage you would expect to CASH FLOW- $307.83!!!

If you are interested in this property please contact: Derrick Craig - 901-212-4476 Text or Call or you can email [email protected]

Or View Memphis Buy and Hold Inventory for more deals Click- Memphis Buy and Hold

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.