RECENTLY UPDATED HOME WITH OVER $27,000 REHAB! Memphis Buy & HOLD

[Derrick Craig]

3237 Norton Rd Memphis TN 38109

RECENTLY UPDATED HOME WITH OVER $27,000 REHAB!!!

This is a 4 Bedroom 3 bath home located in Westwood area of Memphis TN,…Over 1700 Square Feet... Recently remodeled 2018 includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors, new wood privacy fence, new HVAC, New ROOF, new electric installed, new light fixtures, new carpet, and many many more.

List Price: $85,000 Available- CASH PURCHASE ONLY
Built: 1953
Currently Rented for $1,016.00 a Month- Sec 8 Tenant 1 yr Lease
Property Management Fee $81.28 a Month
Taxes – $65.83 a Month
Insurance Quote -$46.00 a Month
Vacancy- $45.00

Maintenance- $55.00

CAP EX- $55.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $667.89!!!💵

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…

https://memphisbuyandhold.com/memphis-investment-properties/