$90,000
3703 Fair oaks, Memphis, TN 38122
Current Rent **
$850
Projected Rent **
$849
Passive Income Machine!!
Passive Income Machine!!
PROPERTY DESCRIPTION
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 – $90,000.00 AVAILABLE
Built- 1949
Currently Rented for $850 a Month
Property Management Fee $68 a Month
Property Taxes- $43.00 a Month – TAXES ONLY!!!
Insurance Quote -$50 a Month
Vacancy- $45.00
Maintenance- $45.00
CAP EX- $55.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $589.00
Contact if you are interested in this property- Derrick Craig
901-212-4476 Call or Text
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.
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.
Location:
3703 Fair oaks, Memphis, TN 38122
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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