Passive Income Producing Property in Memphis TN -$559 Net a Month

[Derrick Craig]

Income Property – Rented $900 A Month!!

PROPERTY DESCRIPTION

Super Nice Spacious, 4 large Bedrooms 2 Full Bathrooms - Over 1500 Sq feet, in the Oakhaven area near airport, Nice easy rental area. Passive Cash Flow of $559.08 a Month!!

Property Address- 2957 Phyllis Ln, Memphis TN 38118

Status: (Available)
Price: $67,000
Currently Rented $900 a Month
Taxes- $1,167 = $97.25 a month
Insurance- $500 = $41.67 a month
PM FEE 8%- $72

Vacancy – $65 – (guesstimate)
Maintenance- $65 – (guesstimate)
Cash Purchase Monthly Passive Cash Flow = $559.08

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.