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Alex Craig
  • Real Estate Professional
  • Memphis, TN
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Cash Flow Day 1 @ $750 a Month --NO CITY TAXES

Alex Craig
  • Real Estate Professional
  • Memphis, TN
Posted Aug 24 2016, 12:49

From time to time we get a investor for one reason or another looking to sell. This particular reason is health. We sold this property back in 2011 for $62,000. During the rehab we did several things to have the house ready, but this property has had tenant turns.  The current owner ordered a property inspection in December of 2015, however, we have recently done a rent ready. New tenant is moving in on 8/26 for $750 a month. NO CITY TAXES ON THIS PROPERTY!

For interested buyers, I can share the financials. 

Owner expects seller to order a property inspection.

Property Taxes are only: $633 a year

Insurance would be estimated at: $525 a year

Buyer would assume discounted mgmt rate of 8%.

I am going to post his other property on another thread.

Offering