**PRICE REDUCTION**Passive Income Machine-Tenants have lived in home for 13 years!!!
$49,900 Original Sale Price- ****Price Reduced to $44,500****
(average price in the area from other providers in the $57k-$65k range)
3790 BELLEAU ST MEMPHIS, TN 38127
$650 Actual monthly rent
$473.00 Cash Purchase Monthly Cash Flow
$52.00 monthly mgnt fee
$213.60 Monthly positive cash flow
11.4% COC-ROI
$28.93 Price per SqFt
Memphis Buy And Hold
Rent Range of Comparable Properties in the area:$650-$800
Currently Rented $650.00 by tenant who has lived there for 13yrs
Rehab-Will need NEW Roof
*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
