7% Cap Rate- SUPER NICE A+++ LOCATION!!! Long Term Tenants

[Derrick Craig]

SUPER NICE A+++ LOCATION!!! Long Term Tenants

CLICK HERE TO VIEW 6677 AUTUMN WOOD COVE MEMPHIS TN 38141 - INSPECTION REPORT!!!

Status: Available
Purchase Price: $135,000
Beds/Baths: 4 beds, 2.5 baths
Square Feet: 2,000 sqft
Lot Size: .23 Acres
Year Built: 1993

PROPERTY DESCRIPTION

6677 Autumn Wood Cove Memphis TN 38141 – Passive Cash Flow

4 Bedrooms, 2 1/2 Bathrooms
List price: $135,000
Taxes $1,266 a year = $105.50 a month- COUNTY TAXES ONLY!!!
Property Management Fees – 8% = $96.00 a month
Rented $1,200 a month- Same tenants since Jan 2013

Insurance-635 a year = $53.00 a month

Vacancy – $40 a month

Maintenance- $76 a month

Cap EX- $80 a month

Cash flow each month = $749.50 if purchased all CASH!!

If you are interested in this property please contact: Derrick Craig – 901-212-4476 Text or Call or you can email [email protected]

Or View Memphis Buy and Hold Inventory for more deals Click- Memphis Buy and Hold
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.