All Forum Posts by: Derrick Craig

@Jason Hopkins

Thanks, I will keep you posted I noticed a lot of TK sales in this area around this price and the rent to price ratio is solid for an investor.

Absolutely GREAT CLEAN tenant!

CLICK HERE TO VIEW INSPECTION REPORT

Contact Derrick Craig -901-212-4476 or email [email protected]

CLICK HERE TO VIEW INSPECTION REPORT

For more information regarding this investment please email [email protected] or call 901-212-4476

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: ALL 8 units currently rented

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.

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 or email [email protected] for more details.
• 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.

Huge Home Rented $906 A Month – Passive Income Machine!

CLICK HERE TO VIEW 412 Dreger Rd Video!!

Purchase Price: $90,000 (Available)
Property Type: Single Family
Beds/Baths: 3 beds, 1.5 baths
Square Feet: 1,878 sqft
Lot Size: 0.26 acres
Year Built: Rented
Occupancy Status: Rented

PROPERTY DESCRIPTION

3 Bedroom 1 1/2 Bathrooms 1 Car Garage 1 Car Carport
List Price- $90,000
Taxes- $1,592 a year
Insurance- $600 a year
Rented- $906
Property Management Fees- 8% of rent collected a month- $73

Updates Include:

New Roof, New siding, New Wrought iron Doors, New Metal Security Doors, New Paint inside and Out Side, New Electrical Service, New Light Fixtures Ceiling Fans sockets, New Plumbing, New Laminate Hardwood Flooring, New Ceramic Tile in kitchen, den, bathroom,… and the list goes on and on and on!!

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.

It has always been bad I didn't know until I invested in that area a while ago.

@Bryant Funston

Please RUN and RUN FAST from Northaven!!

Totally Brand New Turnkey Rental Property! Near U Of M

Status: AVAILABLE
Purchase Price: $69,500.00
Property Type: Single Family
Beds/Baths: 3 beds, 1 1/2 baths
Square Feet: 1,540 sqft
Lot Size: .5640 Acres
Year Built: 1955
Occupancy Status: Rented- Sec 8 1 yr lease

PROPERTY DESCRIPTION

This is a 3 Bedroom 1 1/2 bath home located near U of M, Recently remodeled inside and outside includes paint, New windows, toilet, hot water tank, New HVAC, NEW ROOF, ceramic tile in kitchen, Den, Laundry room and bathrooms, plank hard wood floors, wrought iron outside doors, new plumbing, new electrical, new light fixtures, and many many more.

List Price – $69,500.00
Built- 1955
Currently Rented for $850 a Month- Sec 8 1 yr lease
Property Management Fee $68 a Month
CITY and COUNTY TAXES ONLY – $68.84 a Month
Insurance Quote -$34.25 a Month
Vacancy- $65.00

Maintenance- $55.00
CAP EX- $35.00

ROI- 14.68%

If purchased all cash no Mortgage you would expect to CASH FLOW- $523.91

• 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 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.

MEMPHIS BUY AND HOLD AVAILABLE INVESTMENT PROPERTIES CLICK HERE!!!