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Derrick Craig
Pro Member
  • Memphis, TN
523
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969
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Beautiful Turnkey Home in Quiet Cove Rented $900

Derrick Craig
Pro Member
  • Memphis, TN
Posted Jun 4 2015, 13:40

$69,000 Sale Price (average price in the area from other providers in the $75k-$90k range)

Appraised for $80k 7-13-13

$900 Current Monthly Rent

$272.29 PITI ( 5% IR, 30yr loan with 20% down + $5k est closing cost )

$72.00 monthly mgnt fee

$72.00 monthly repair allowance

$45.00 monthly vacancy allowance

$241.00 Monthly positive cash flow

8.7% ROI

$38.61 Price per SqFt

Please contact me if you would like to know more about this home located at

2975 Kirby Mliss Cove Memphis TN 38115

Derrick Craig 901.212.4476 or email [email protected] or PM me

Offering