Updated about 9 years ago on .
Memphis Investment Property Package
Hey everyone,
I've got a turn key package with great cash flow for those looking to start investing in Memphis or looking to add to their portfolio. The total cost for all 3 properties is $153,000. Contact me for more information or photos.
1. 2965 Ajanders Cove, Memphis, TN
3 bed/2 bath, 1,547 sq ft. Recent upgrades including fixtures, paint and carpet. Market rent is $750/month.
Annual Proforma (Estimate)
Rent Income: $9,000
Property Management @ 8%: $720
Insurance: $420
Property Taxes: $1,133
Mortage payment: $2,928
Net Cash Flow: $3,7992
2. 4590 Valley Stream Drive
3 bed/1 bath, 1,196 sq ft. Recent upgrades include fixtures, paint and carpet. Currently rented at $700/month.
Annual Proforma (Estimate)
Rent Income: $8,400
Property Management @ 8%: $672
Insurance: $420
Property Taxes: $884
Mortage payment: $2,880
Net Cash Flow: $3,544
3. 3391 Shady Valley Cove
3 bed/1 bath, 1,312 sq ft. Recent upgrades include fixtures, paint and carpet. Currently rented at $675/month.
Annual Proforma (Estimate)
Rent Income: $8,100
Property Management @ 8%: $648
Insurance: $420
Property Taxes: $962
Mortage payment: $3,036
Net Cash Flow: $3,034
Please Note: The numbers on this ad are only an estimate, this is not a guarantee or a promise.