Newly Rehabbed And Rented $750 Per Month! Memphis Buy and Hold!!

[Derrick Craig]

Newly Rehabbed And Rented $750 Per Month!

Purchase Price: $68,500
Property Type: Single Family Home
Beds/Baths: 3 beds, 1 bath
Square Feet: 1,053 sqft
Year Built: 1971
Occupancy Status: Rented

PROPERTY DESCRIPTION

This 1053 square foot home has 3 bedrooms and 1.0 bathrooms. It is located at 150 Maxwell Dr Memphis, Tennessee. Central Heating/AC, New ROOF, New Ceramic tile floors in kitchen and bathrooms, totally remodeled kitchen, laundry, and bathroom, New Doors, New Plumbing, 2 Car Garage in back and 1 Car Carport in front, Nice BACK YARD AND FRONT YARD-Nice Corner lot, New Carpet in 1 bedrooms, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras.

Tax Assessed – $55,800
Taxes- $1030 a year = $85.83 a month
Insurance- $425 = $35.42
Currently Rented- $750.00- 1 Year Lease
Property Management Fee- 8% of Rent collected- $60

Vacancy- $40

Maintenance- $60

Cap Ex-$50

Total cash flow each month- $418.75

PLEASE VIEW VIDEO BELOW!!

https://youtu.be/k7bKmjBuEqw