17.04% ROI.... Totally Brand New Turnkey Rental Property!

[Derrick Craig]

Totally Brand New Turnkey Rental Property!

Status: AVAILABLE
Purchase Price: $59,500.00
Property Type: Single Family
Beds/Baths: 3 beds, 1 baths
Square Feet: 1,204 sqft
Lot Size: ,34 Acres
Year Built: 1948
Occupancy Status: Rented

PROPERTY DESCRIPTION

This is a 3 Bedroom 1 bath home located near U of M, Recently remodeled inside and outside includes paint, New windows, toilet, hot water tank, ceramic tile in kitchen and bathrooms, hard wood floors sand and stained refurbished to new condition, wrought iron outside doors, new plumbing, new electrical, new light fixtures, and many many more.

List Price – $59,500.00
Built- 1948
Currently Rented for $845 a Month
Property Management Fee $67.60 a Month
CITY and COUNTY TAXES ONLY – $66.59 a Month
Insurance Quote -$31.25 a Month
Vacancy- $65.00 Maintenance- $65.00
CAP EX- $65.00

ROI- 17.04%
If purchased all cash no Mortgage you would expect to CASH FLOW- $484.56

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 at 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..