Memphis, TN · Member since 2013 · 969 posts · 524 votes
Very NICE Home!- Rented $600 A Month! PASSIVE INCOME!
Status: Available Purchase Price: $44,900 Property Type: Single Family Beds/Baths: 3 Beds, 1 Bath Square Feet: 985 sqft Lot Size: 0.155 Acres Year Built: 1963 Occupancy Status: Rented
PROPERTY DESCRIPTION
2264 Theda Ave Memphis TN 38127 3 Bedroom 1 Bathroom List Price- $44,900 Taxes- $748 a year
Insurance- $350 a year Property Management Fees- 8% of rent collected a month = $50.00 a month Rented- $600 a month
Vacancy/Maintenance – $90.00 (Guesstimate)
Cash Purchase Monthly Cashflow = $367.00!!!
Our sister company DCC RENTALS LLC can manage this property for you with ease 8% management fee which is negotiable if you allow us to manage more properties in your investment portfolio call 901-212-4476
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.
Hi there! Just bought 11 houses in same neighbor hood. Are you a little flexible on price and how is the roof, foundation and heating/cooling system? I just need to know if there's any major repairs or replacements needed upon acquiring property?
Roof foundation heating and cooling systems are fine, there are no major repairs needed. Cash offers absolutely flexible but not anything ridiculous LOL!!