All Forum Posts by: Derrick Craig

3560 Sq Feet HUGE HOME!! Rented $1100 Per Month!

1451 Roberts Rd Memphis TN 38106

Purchase Price: $90,000
Property Type: Single Family Residence
Beds/Baths: 5 beds, 5 baths
Square Feet: 3560 sqft
Year Built: rebuilt – 2006
Occupancy Status: Rented

PROPERTY DESCRIPTION

This 3560 square foot home has 5 bedrooms and 5 bathroom, 2 car garage. It is located at 1451 Roberts RD Memphis, Tennessee. New Roof, New HVAC, New hard wood stairs installed New Floors, New Doors, New Plumbing, New Electrical, New Carpet, Fresh Paint, New Dish Washer, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras. THIS HOME IS MASSIVE!! Cash flowing Machine!!

List Price- $90,000.00
Taxes- $1159.00 a year
Insurance- $1,000.00
Currently Rented- $1100.00
Property Management Fee- 8% of Rent collected- $88.00

Cap Ex/Maint/Miscellaneous- $150.00

YEARLY NET CASH FLOW = $8,185.00

Please click Video below:

1451 Roberts Rd Memphis TN - Video

Super Nice Buy and Hold Investment Property near Elvis Presley Blvd.

Income Property – Rented $950 A Month LONG Term Tenant

PROPERTY DESCRIPTION

Super Nice Spacious Condo, 3 large Bedrooms 2 and half Bathrooms -Hard wood Floors in Living room, Hall ways and Bedrooms. Master Bathroom and Hall Bathroom totally remodeled new everything inside it absolutely stunning!!! Brand New Kitchen Cabinets, Sinks, Lights, Fixtures updated Electrical andPlumbing, Ceramic Tile in Bathrooms and Kitchen and Fire Place, Nice sized Game Room.

3378 Cristil Dr, Memphis TN 38118

Price: $59,500
Currently Rented $950 a Month
Taxes- $1261 = $105.09 a month
Insurance- $650 = $54.17 a month
PM FEE 8%- $76

HOA FEE – $85 a month

Vacancy – $76 – (guesstimate)
Maintenance- $76 – (guesstimate)
Cash Purchase Monthly Passive Cash Flow = $477.74

Please click link below to view property!!

3378 Cristil Video!!

View New Inventory Memphis Investment Properties 

Call or Text 901-212-4476 or email [email protected]

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.

Multi Family Located Near Downtown Memphis, Rent $400 Each Unit 8-Plex $3200 A Month!

Purchase Price: $225,000
Property Type: Multi Family
Beds/Baths: 16 beds, 8 baths
Square Feet: 5350 sqft
Lot Size: .2890 Acres
Year Built: 1964
Occupancy Status: 6 units currently rented-2 vacant

1074 Seventh St Memphis TN 38107

Taxes- $1574.00

Insurance- $2300.00 a year- $191.67 a month

Taxes- $1519.00 a year- $126.58 a month

Yard Maintenance- $900 a year- $75.00 a month

PM FEE 8% -$256.00 a month

Vacancy- $256.00 a month

CAP EX- $256.00 a month

Potential Rent – $3,200 a month

Potential Passive Cash Flow- $2,038.75 A MONTH

All Utilities and trash pick up are paid by the tenants which is GREAT NEWS!!

Apartments have brand new roof, electrical, plumbing, ceramic tile floors, carpet, laminate flooring in high traffic areas. Very nice quiet 2 bedroom 1 bathroom apartments located downtown Memphis next door to BRAND NEW senior assisted living community!!

Click on link below

1074 Seventh Street Property Listing-Memphis Buy and Hold

PROPERTY DESCRIPTION

Passive Income Machine!!

This is a 3 Bedroom 1 bath home located in Northaven area of Memphis TN, 1052 Square Feet. Near Downtown Memphis and Millington Navy Base.

List Price – $35,000.00- (Price is negotiable)
Built- 1973
Currently Rented for $630 a Month
Property Management Fee $50 a Month
Property Taxes- $27.00 a Month - COUNTY TAXES ONLY - NO CITY TAXES
Insurance Quote -$50 a Month
Vacancy- $65.00

Maintenance- $65.00
CAP EX- $55.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $318.00

View New Inventory- Memphis Investment Properties

Contact if you are interested in this property- Derrick Craig -Memphis Buy and Hold

Call or Text-901-212-4476  email- [email protected]

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.

PROPERTY DESCRIPTION

GREAT LOCATION WHOLESALE TURNKEY RENTAL PROPERTY!!!

This is a 3 Bedroom 2 bath home located in Midtown area of Memphis TN, 1250 Square Feet. Close to new construction Sears Tower. Recently remodeled includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors NEW ROOF. Currently tax Assessed $68,400!!!!!

List Price – $39,900.00
Built- 1956
Currently Rented for $622 a Month
Property Management Fee $50 a Month
Property Taxes- $105.25 a Month
Insurance Quote -$50 a Month
Vacancy- $50.00

Maintenance- $50.00
CAP EX- $50.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $266.75

New inventory list- New Memphis Investment Properties

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.

We just finished the Rehab on this property- Lots of upgrades for strong rental portfolio all hard wood floors and ceramic tile, one large bedroom has new carpet, New electrical breakers installed and upgraded. New 5 yrs old metal roof will last FOREVER!!!

Memphis Buy and Hold

List Price- $69,500 

Currently waiting on Section 8 Inspection, potential rent will be in the range of $800-$1000

Taxes- $685 a year

Insurance- $525 a year

Please View Video-2518 Corning Memphis TN 38127- Video!!

To view more properties like this please visit website- MEMPHIS BUY AND HOLD

We just finished the Rehab on this property- Lots of upgrades for strong rental portfolio all hard wood floors and ceramic tile, one large bedroom has new carpet, New electrical breakers installed and upgraded. New 5 yrs old metal roof will last FOREVER!!!

Memphis Buy and Hold

List Price- $69,500 

Currently waiting on Section 8 Inspection, potential rent will be in the range of $800-$1000

Taxes- $685 a year

Insurance- $525 a year

Please View Video-2518 Corning Memphis TN 38127- Video!!

To view more properties like this please visit website- MEMPHIS BUY AND HOLD

@Basit Siddiqi

If you are still interested in this property let the seller see the appraisal and ask will he sell home for that price.  If not then it will be best for you to walk away.

@DJ Rogers

I am available anytime!!

650 Vance Ave Memphis TN 38126- Home Inspection Report