NEW EVERYTHING!! RENTED $958 1 Yr Lease Passive Income Machine!

[Derrick Craig]

NEW EVERYTHING!! RENTED $958 1 Yr Lease

Status: Available
Purchase Price: $65,000
Property Type: Single Family
Beds/Baths: 4 beds, 2 baths
Square Feet: 2,430 sqft
Lot Size: .441 Acres
Year Built: 1953
Occupancy Status: Rented

PROPERTY DESCRIPTION- 5355 Airview RD, Memphis, TN 38109

NEW EVERYTHING- RENTED $958 1yr lease!!!

This is a 4 Bedroom 2 bath home located Cora Lake area of Memphis TN, Recently remodeled inside and outside includes paint,New Roof, New windows, tub, toilet, hot water tank, ceramic tile in kitchen and bathrooms, Carpet Floors, New HVAC Unit, Brand NEW Electrical system, Brand NEW Plumbing installed, new light fixtures, Huge DEN with Fire Place Area, Huge Laundry Room Area, and many many more. 

If you look below in the pro forma I went ahead and added all the guesstimates for vacancy, maintenance, and CAP -EX for all the skeptics and I still came out with a Cash Flow of over $400.00!!!

List Price – $65,000.00
Built- 1953
Currently Rented for $958 a Month- Section 8 Tenant on 1 year Lease!
Property Management Fee $76.64 a Month
CITY and COUNTY TAXES – $105.00 a Month
Insurance Quote -$50 a Month
Vacancy- $96.00

Maintenance- $96.00
CAPEX- $96.00

If purchased all cash expect to CASH FLOW- $438.36- CHA-CHING💲💵

If you are interested in this property please contact Derrick -901-212-4476 or email [email protected]

If you are looking for more Awesome Wholesale Turnkey Investment properties Single Family Homes and or Multi-Family properties please click here - Memphis Buy and Hold  then click on Memphis Investment Properties 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.

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