Passive Income, Super Low Taxes, 1 yr lease, Memphis Buy and Hold

[Derrick Craig]

4866 Royal Run Dr Memphis TN 38128

Super Low Taxes – Rented $923 Per Month!

Purchase Price: $95,000
Property Type: Single Family Home
Beds/Baths: 3 beds, 2 and half baths
Square Feet: 1,405 sq ft
Year Built: 2006
Occupancy Status: Rented

PROPERTY DESCRIPTION

This 1,405 square foot home has 3 bedrooms and 2 and a half bathrooms. It is located at 4866 Royal Run Dr. Memphis, Tennessee 38128. New Roof, New Siding, New Floors, New Doors, New Plumbing, New Electrical, New Carpet, New Windows, Fresh Paint, New Light Fixtures/Ceiling Fans, New HVAC, and Many more added extras.

List Price- $95,000
Taxes- $673 a year = $56.09 a month
Insurance- $500 a year = $41.67 a month
Currently Rented- $923.00 - Section 8 Tenant 1 year lease
Property Management Fee- 8% of Rent collected- $73.84

Vacancy- $70

Cap Ex- $70

Maintenance- $70

Total Estimated Net Monthly Income- $583.07 PASSIVE INCOME MACHINE!!

Memphis Buy and Hold Available Properties!!

If you are interested in this property or any other properties from the availabe properties link please call Derrick Craig at 901-212-4476 or email [email protected]

4866 Royal Run - Video!!

Please check out video- https://youtu.be/pdWUkrqvO3s

4866 Royal Run Memphis TN 38128youtu.be4866 Royal Run Memphis TN 38128 www.memphisbuyandhold.com

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.
• 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.