UPDATED HOME WITH OVER $22,000 REHAB- Memphis Passive Income

[Derrick Craig]

PROPERTY DESCRIPTION

UPDATED HOME WITH OVER $22,000 REHAB LOOK AT VIDEO!!!

2178 Burnham Cove, Memphis TN 38127

This is a 3 Bedroom 1 bath home located in Frayser area of Memphis TN, Tax assessed $53,900... Recently remodeled 2017 includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors, new wood privacy fence, new HVAC, New ROOF, new electric installed, new light fixtures, new carpet, and many many more.

List Price – COMING SOON!! $65k-$75k
Built- 1967
Currently Rented for $866.00 a Month- Sec 8 Tenant 1 yr Lease
Property Management Fee $69.28 a Month
Taxes - $92.50 a Month
Insurance Quote -$42.00 a Month
Vacancy- $60.00

Maintenance- $60.00
CAP EX- $60.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $482.22!!!💲

Memphis Buy and Hold -Available Properties

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.

Contact: Derrick Craig - 901-212-4476 or email [email protected] if you are interested in this property... We have not priced it as of yet but please keep looking at our available properties site and it will be updated on it very soon... Don't forget to view the video on this beautiful Cash Flowing property below.. 

2178 Burnham Cove Memphis TN 38127- Video!!