All Forum Posts by: Derrick Craig

Multi Family Located Near Downtown Memphis, Rent $400 Each Unit 8-Plex $3200 A Month! PLEASE VIEW VIDEO LINK BELOW!!

1074 Seventh St/549 Wells - 8 unit apartment complex

Purchase Price: $224,000
Property Type: Multi Family
Beds/Baths: 16 beds, 8 baths
Square Feet: 5350 sqft
Lot Size: .2890 Acres
Year Built: 1964
Occupancy Status: 5 units currently rented-3 vacant

1074 Seventh St Memphis TN 38107

Taxes- $1574.00

Insurance- $2300.00 a year

Yard Maintenance- $900 a year

PM FEE 8% -$256.00

Rent – $3200 a month GROSS!!

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!!

• 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

Great BUY And HOLD- Passive Income!

Status:Available
Purchase Price: $85,000
Property Type: Single Family Home
Beds/Baths: 3 beds, 2 bath
Square Feet: 1,215 sqft
Year Built: 1961
Occupancy Status: Rented

PROPERTY DESCRIPTION

This 1215 square foot home has 3 bedrooms and 2.0 FULL bathrooms. It is located at 869 Bramblewood Ln Memphis, Tennessee. NEW Central Heating/AC, New ROOF, , totally remodeled kitchen, laundry, and bathroom, New Doors, New Plumbing, 2 Car Attached Garage very Nice BACK YARD AND FRONT YARD-Nice Corner lot, refinished hardwood floors throughout HOME, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, and Many more added extras.

Taxes- $1048 a year = $85.83 a month
Insurance- $425 = $35.42
Currently Rented- $841.00 a month
Property Management Fee- 8% of Rent collected- $67.28

Vacancy- $40

Maintenance- $50

Cap Ex-$50

Total cash flow each month- $512.47

PLEASE VIEW VIDEO BELOW!!

869 Bramblewood Ln Video

869 Bramblewood inspection reports/new HVAC pics and recipt

@Dean Letfus

send me a copy [email protected]

yes I have positiveexperiences with them and negative experiences with then but overall it's the best thing to have guranteeed rent coming in regardless of what family situation car trouble,  illness, lost of job, etc that can and will happen in tenant's lives you still get paid from sec 8.

@Emily Guido

It is pretty easy to work with in this area, you just have to know the rules and abide by them to the Tee.

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.

Income Property – Rented $850 A Month!!

PROPERTY DESCRIPTION

Super Nice Spacious, 3 large Bedrooms 2 Full Bathrooms – Over 1500 Sq feet, in the Oakhaven area near airport, Nice easy rental area. Passive Cash Flow of $541.91 a Month!!

2953 Randy Ln Memphis TN 38118

Status: AVAILABLE
Price: $79,900
Currently Rented $850 a Month
Taxes- $1,061 = $88.42 a month
Insurance- $500 = $41.67 a month
PM FEE 8%- $68

Vacancy – $55 – (guesstimate)
Maintenance- $55 – (guesstimate)
Cash Purchase Monthly Passive Cash Flow = $541.91

Scope of Work and Costs:

Repair Items Material and Labor

EXTERIOR PAINT/ REPLACE FACIAL AND SIDING AND MASONITE- $2,500

ELECTRIC WITH PERMITS $3,500

PLUMBING FIXURES PERMITS $1,800

SHEETROCK HOUSE AND REBUILD RAPTORS $2,000

PAINT INSIDE/ HANG DOORS $1,800

CARPET/ FLOORING $2,000

DOORS/ WINDOWS $1,000

AC/ HEAT $3,500

CABINETS $1,800

LIGHTING $1,000

LANDSCAPE $600

ROOF LEAK $500

Total for Renovations $22,000 -COMPLETED!!

Additional Reserves $2000

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.

Contract Pending!!!

NEW EVERYTHING! Historic Area- Near Midtown

836 N. Avalon St Memphis TN 38107

Status: Available

Purchase Price: $105,000.00
Property Type: Single Family
Beds/Baths: 5 beds, 2 1/2 baths
Square Feet: 2,201 sqft
Lot Size: .1790 Acres
Year Built: 1927
Occupancy Status: Rented -$1,050.00- THDA Sec 8 2 yr lease

PROPERTY DESCRIPTION

This is a 5 Bedroom 2 1/2 bath home located near Rhodes College, Recently remodeled inside and outside includes paint, New windows, toilet, hot water tank, New HVAC, NEW ROOF, Hard wood fllors Den, Laundry room and bathrooms, wrought iron outside doors, new plumbing, new electrical, new light fixtures, and many many more.

• 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.

450 Hewlett Rd Memphis TN 38109- Inspection Report CLICK HERE!!

Contact us at 901-212-4476 or email offers to [email protected]