Memphis Tennessee - Cash Flow Being Experienced
Hey there BiggerPockets Community!
Hoping to find some good information on Memphis Tennessee rent. Can anyone here tell me what kind of cash flow they are seeing for buy and holds in Memphis. To my knowledge, it is a good cash flow market with decent appreciation. I am not familiar with taxes or insurance of the area, and I don't know the tenant quality of the B or C class areas in the city that would affect monthly repair costs. To be more specific, assumptions below:
Property Value: $100,000
B or C Class Area
Mortgage on the property of $75,000 (Either refinanced through BRRR or Retail Purchase Through Traditional Lending)
Managed by property management company
Net Cash Flow: ??