Cash Flow Machine- Rented $650 A Month! Memphis Buy and Hold

[Derrick Craig]

Cash Flow Machine- Rented $650 A Month!

Status: Available
Purchase Price: $54,500
Property Type: Single Family
Beds/Baths: 3 Beds, 1 Bath
Square Feet: 1,402 sqft
Lot Size: 0.137 Acres
Year Built: 1971
Occupancy Status: Rented- Same tenant last 5 years- $650 a month

PROPERTY DESCRIPTION

3657 Bison Memphis TN 38109

3 Bedroom 1 Bathroom
List Price- $54,500
Taxes- $755 a year

Insurance- $375 a year
Property Management Fees- 8% of rent collected a month = $52.00 a month
Rented- $650 a month

Vacancy/Maintenance – $120.00 (Guesstimate)

• 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.