Newly Rehabbed And Rented $738 Per Month! Memphis BUY & HOLD!!

[Derrick Craig]

Newly Rehabbed And Rented $738 Per Month!

Purchase Price: $48,500
Property Type: Single Family Home
Beds/Baths: 3 beds, 1 bath
Square Feet: 1,199 sqft
Year Built: 1958
Occupancy Status: Rented

PROPERTY DESCRIPTION

This 1199 square foot condo home has 3 bedrooms and 1.0 bathrooms. It is located at 3389 Redbud Rd Memphis, Tennessee. Central Heating, Window AC Units, New Siding, New Floors, New Doors, New Plumbing, New Electrical, New Storage house in the Back yard, LARGE BACK YARD AND FRONT YARD, New Carpet in bedrooms, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras. 1yr Lease Section 8 Tenant..

3389 Redbud Rd Memphis TN 38109

List Price- $48,500
Taxes- $770 a year = $64.17
Insurance- $375 = $31.25
Currently Rented- $738.00 - 1 year lease Section 8 Tenant
Property Management Fee- 8% of Rent collected- $59

Vacancy- $40

Maintenance- $60

Cap Ex-$50

Total cash flow each month- $433.58 😁

VIDEO BELOW!!

https://youtu.be/Fa_X6UxavIM

3389 Redbud Rd, Memphis, TN 38109youtu.beWholesale Turnkey Investment Properties http://memphisbuyandhold.com/

Very Nice Investment located in quiet area of Memphis close to expressway.

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.
• Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476
• Stated gross returns and cash flow do not take into account vacancy and repairs that WILL happen over time.

3389 Redbud Video!!

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..http://memphisbuyandhold.com/memphis-investment-properties/

Memphis Investment Properties – Memphis Buy and Holdmemphisbuyandhold.comMemphis Buy And Hold Specializes In The Sale Of Turnkey Properties That Build Wealth And Financial Security. We locate and acquire discounted properties in working ...