All Forum Posts by: Derrick Craig

4953 Neely Rd Memphis TN 38109- Video

Update- Price Reduced $59,500.00

Rented 1 year lease - $812.00 a Month!! 

Very NICE HOME Will not last long!!!

call me at 901-212-4476 or email me [email protected] 

Memphis Turnkey Investment Cash Flowing Property!!

@Michelle J Olson

I just PM'd you the information you requested.

@Franklin Parker 

I have experience with section 8 in memphis 

@Dean Harris

You should have pricing and occupancy in your email.. Thanks

@Dean Harris Here you go!! 

4317 Park Forest Dr Memphis TN 38141

Video 4317 Park Forest

714 Parkdale Dr Memphis TN 38116

6830 Cleary Dr Memphis TN 38141

3396 Kenie Ave Memphis TN 38118

3378 Cristil Memphis TN 38118  Video -3378 Cristil Memphis TN 38118

https://youtu.be/r5OlwluJNrg

Coming SOON!!

4953 Neely Rd Memphis TN 38109

4 Bedroom 1 Bathroom 2 Car Garage

List Price- $64,500- Negotiable based on what it rents for..

Taxes- $825 a year

Insurance- $475 a year

Property Management Fees- 8% of rent collected a month

Potential  Rent- $800- $850 a month

Updates include

New Roof, New siding, New Wood Privacy Fence, New Wrought iron Doors, New Metal Security Doors, New Paint inside and Out Side, New Electrical Service, New Light Fixtures Ceiling Fans sockets etc, New Windows, New Plumbing, New Laminite Hardwood Flooring, New Carpet, New Ceramic Tile... and the list goes on and on and on!!

If you are interested or have any questions about this property please contact me:

Derrick Craig - [email protected]    901-212-4476 text or call!!!

Memphis Buy and Hold - www.memphisbuyandhold.com

4953 Neely Rd, Memphis TN 38109

@Prashant Kumar

Nice Brick Home but I think you have the lot size and the square footage of the home in the wrong places in your property details..

Hi @Jack Smith

I agree with @Douglas Skipworth if you choose to go the route of non-turnkey... also Zillow's values are sometimes not accurate so getting an actual appraisal is the best way to find out a properties true value.

@Zach Evanish stated above about the area of Frayser things do change drastically just crossing the street in those 6 zip codes... Plenty B, C, D in these areas in my eyes.. 

Disclaimer: I am not affiliated with this company (Roofstock) so please do your own due diligence if you decide to invest with them as you should do with any company. Zip Codes ratings/Areas are only my opinions and not represented to be the opinions of others.

@Matt Rosenbohm

Memphis is great for cash flow only with the right due diligence... Returns vary based on the PM/ team and area of the properties you decide to invest in.

The downside I see is in investing in Memphis is you are going to have to keep the property for several years before you see any appreciation, it is nothing like the West/East coast where you buy a property today and next year it has gone up in value $10-$15k