NEW LOWER PRICED TURNKEY INVESTMENT PROPERTY MEMPHIS BUY AND HOLD

[Derrick Craig]

PROPERTY DESCRIPTION

HOT OFF THE PRESS A BRAND NEW TURNKEY RENTAL PROPERTY!!!

This is a 4 Bedroom 2 1/2 bath home located in Raleigh area of Memphis TN, Recently remodeled includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors, new wood privacy fence, new garage door installed, new light fixtures, new carpet, and many many more.

List Price – $110,000.00 New Lower Price
Built- 2006
Currently Rented for $1,228.00 a Month- Section 8 Tenant with a 1 year lease!!
Property Management Fee $98.24 a Month
Only has County Taxes NO CITY TAXES- $54.26 a Month
Insurance Quote -$62.50 a Month
Vacancy- $60.00 

Maintenance- $60.00
CAP EX- $60.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $833.00!!!

If you are interested in this property or any of the ones you see on Memphis Buy and Hold available properties listings, please give Derrick Craig a call 901-212-4476 or email- [email protected]

See Video - 4739 Northwood Hills Dr Memphis Tn 38128-Video!!

View more available  properties- 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.