ROI- 16%- LONG TERM TENANT- BUILT IN 2003!! Memphis Buy and Hold

[Derrick Craig]

Income Property – Rented $800 A Month LONG Term Tenant

3588 Russelwood Dr, Memphis TN 38128

Status: Available
Price: $59,500
Currently Rented $800 a Month
Taxes- $1,148 = $95.67 a month
Insurance- $580 = $48.33 a month
PM FEE 8%- $64

Vacancy – $64 – (guesstimate)
Maintenance- $64 – (guesstimate)

Cap Ex - $80 - (guesstimate)
Cash Purchase -Monthly Passive Cash Flow = $384.00 💵💵💵

ROI- 16%

PLEASE CHECK OUT www.memphisbuyandhold.com

BEST WHOLESALE TURNKEY REAL ESTATE INVESTMENTS IN MEMPHIS TN!!

Tax assessed $62,200 !!
Zillow Value $69,625!!
This single family brick home rented for $800.00 a month built in 2003
Very Quiet area in Raleigh, 4 Bed Room 2 Full Bath
Return on Investment is HUGE!! Very Low Maintenance issues...

*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.