$115,900
Memphis, TN 38111
Current Rent **
$1,163
Projected Rent **
$1,163
Estimated Rent †
Estimated Rent Confidence ‡
Low
Everything Inside NEW 2 car Garage with Swimming Pool!! NEW HVAC!
Property will appraise for over $130k or more!!!
Status: AVAILABLE
Purchase Price: $115,900
Property Type: Single Family
Beds/Baths: 4 Beds, 2 Baths
Square Feet: 2,410 sqft
Lot Size: .42
Year Built: 1936
Occupancy Status: Rented- $1,163
PROPERTY DESCRIPTION
Beautiful 4 bedroom home completely rehabbed. Everything inside of the home is BRAND NEW!! Rented $1,000 a month. NEW 5 TON HVAC installed!!
Taxes $1,392 a year = $116.00 a month
Property Management Fees – 8% = $93.0 a month
1 yr. lease Rented $1,163 a month
Insurance-$675 a year = $56.25 a month
Vacancy – $50 a month
Maintenance- $50 a month
Cash flow each month = $7,773.00 if purchased all CASH!!
ROI- 7.2%
CHECK OUT VIDEO!
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.
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 •
Location:
Memphis, TN 38111
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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