This home in Memphis is unincorporated, which means immediate tax savings! It has three bedrooms, two bathrooms, a two car garage, fireplace, even a Jacuzzi! Already rented for $1200 a month for two years, it will start bringing in cash flow the minute a buyer takes over. Rent Range: $1200 Rehab Included in Purchase Price: $3,200 *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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
