$69,500
3131 Faxon, Memphis, TN 38112
Current Rent **
$800
Projected Rent **
N/A
Nice Cash Flowing Home Rented $800 Long Term Sec 8 Tenant
3131 Faxon Ave Memphis Tn 38112- Click to View
Nice Cash Flowing Home Rented $800 Long Term Sec 8 Tenant Purchase Price: $69,500Rented: $800- Long term Sec 8 TenantProperty Type: Single-Family HomeBeds/Baths: 4 beds, 2 baths# of Units: 1Square Feet:1,421Occupancy Status: RENTEDYear Built: 2001Yearly Property Tax: $977PROPERTY DESCRIPTION 3131 Faxon Memphis TN is a really nice cash flowing home, long term Sec 8 tenant. 4 beds and 2 full bath built in 2001. HOME HAS KITCHEN, LIVING ROOM, LAUNDRY ROOM, 2 FULL BATHROOMS, CENTRAL HEAT AND AC, VERY QUIET NEIGHBORHOOD, HAS , WILL HAVE wrought IRON DOORS. AND wrought IRON ON WINDOWS. CAN’T BEAT THE PRICE FOR ANY 4 BEDROOM HOME IN MEMPHIS.Disclosure: Estimated values reflect the date of this posting. Due to continually changing market conditions, estimated values may change slightly based on the time of refinance, changing market conditions, and/or the individual performing the analysis. 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:
3131 Faxon, Memphis, TN 38112
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** 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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