$159,000
2074 Wellons, Memphis, TN 38127
Current Rent **
$1,500
Projected Rent **
$1,500
Over 2000 Sq Feet HUGE HOME!! Rented $1500 Per Month!
Over 2000 Sq Feet HUGE HOME!! Rented $1500 Per Month!
Purchase Price: $159,000 AVAILABLE
Property Type: Single Family Residence
Beds/Baths: 4 beds, 2 Baths
Square Feet: 2414 sqft
Year Built: 1959
Occupancy Status: Rented- $1,500.00 1-year lease signed!!
PROPERTY DESCRIPTION
This 2414 square foot home has 4 bedrooms and 2 Full Bathrooms. It is located at 2074 Wellons Memphis, Tennessee 38127. New hard wood stairs installed New Floors, New WOOD FENCE INSTALLED, New Doors, New Plumbing updated, New Electrical updated, Fresh Paint, New Light Fixtures/Ceiling Fans, New Toilets, New hot water tank, New 5-ton HVAC system installed and Many more added extras. 2 story Home Cash flowing Machine!!
List Price – $159,000.00
Taxes – $1,300.00 a year
Insurance – $750.00
Currently Rented – $1,500.00
Property Management Fee – 8% of Rent collected- $120.00
Cap Ex/Maint/Miscellaneous- $100.00
YEARLY NET CASH FLOW = $13,310.00
Super Nice Buy and Hold Investment Property!!
PLEASE VIEW VIDEO BELOW!
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:
2074 Wellons, Memphis, TN 38127
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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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