$73,000
3237 Norton Rd, Memphis, TN 38109
Current Rent **
$1,016
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Low
Turnkey Lowered Price-UPDATED HOME WITH OVER $27,000 REHAB!!!
RECENTLY UPDATED HOME WITH OVER $27,000 REHAB!!!
This is a 4 Bedroom 3 bath home located in Westwood area of Memphis TN,…Over 1700 Square Feet… Recently remodeled 2018 includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors, new wood privacy fence, new HVAC, New ROOF, new electric installed, new light fixtures, new carpet, and many many more.
List Price: $73,000 Available – CASH PURCHASE ONLY
Built: 1953
Currently Rented for $1,016.00 a Month- Sec 8 Tenant 1 yr Lease
Property Management Fee $81.28 a Month
Taxes – $65.83 a Month
Insurance Quote -$46.00 a Month
Vacancy- $45.00
Maintenance- $55.00
CAP EX- $55.00
If purchased all cash no Mortgage you would expect to CASH FLOW- $667.89!!!
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.
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.
Memphis Buy And Hold is specializing in locating, purchasing, renovating and managing single-family and multi-unit properties and possesses from 2007 up to the present of experience in real estate investing and property management in the Memphis and Nashville markets.
Memphis Property Management
Memphis Turnkey Investment Properties
DCC Rentals LLC
Location:
3237 Norton Rd, Memphis, TN 38109
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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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