$150,000
1772 Hester Rd, Memphis, TN 38116
Current Rent **
$1,400
Projected Rent **
$1,400
Estimated Rent †
Estimated Rent Confidence ‡
Very High
EVERYTHING NEW! SUPER NICE Curb Appeal!!
EVERYTHING NEW! SUPER NICE Curb Appeal!!
Status: AVAILABLE!!
Purchase Price: $150,000
Property Type: Single Family
Beds/Baths: 3 beds, 2 baths
Square Feet: 1,313 sqft
Lot Size: .278 Acres
Year Built: 1959
Occupancy Status: RENTED -$1400 a month
PROPERTY DESCRIPTION
This is a 3 Bedrooms 1 and a half bath home located Whitehaven area of Memphis TN, Recently remodeled inside and outside includes paint, New Roof, NEW HVAC New windows, tub, toilet, hot water tank, ceramic tile in kitchen, NEW Kitchen Cabinets New Central Heating/AC unit and bathrooms remodeled, Ceramic Tile in high traffic areas, Tile in the bedrooms, wrought iron outside doors, new light fixtures, and many many more.
List Price – $150,000.00
Built- 1959
Currently- Rented -$1400 a month
Property Management Fee $72.00 a Month
CITY and COUNTY TAXES ONLY – $93.42 a Month!!!
Insurance Quote -$49.98 a Month
Vacancy- $35.00
Maintenance- $35.00
CAP EX- $30.00
Please check 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 •
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.
Location:
1772 Hester Rd, Memphis, TN 38116
Report Abuse
* 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.
Only paying BiggerPockets members can do this!
Upgrade your account to a Pro membership to finish uploading your listing.
Pro Marketplace Benefits
- List up to 2 properties a day under Real Estate Listing
- Re-port your Real Estate Listing every 5 days
- Create job & buying ads in the Marketplace
Additional Pro Benefits
- Unlimited use & access to Rental Property Calculator
- Over $5,000 worth of discounts in Pro Perks
- Access to 50 states & DC landlord forms
- Forum Keyword Alerts
- And more!