Great BUY And HOLD- Passive Income! Status: Available Purchase Price: $73,500 Property Type: Single Family Home Beds/Baths: 3 beds, 2 bath Square Feet: 1,215 sqft Year Built: 1961 Occupancy Status: Rented PROPERTY DESCRIPTION This 1215 square foot home has 3 bedrooms and 2.0 FULL bathrooms. It is located at 869 Bramblewood Ln Memphis, Tennessee. Central Heating/AC, ROOF, , totally remodeled kitchen, laundry, and bathroom, Doors, Plumbing, 2 Car Attached Garage very Nice BACK YARD AND FRONT YARD-Nice Corner lot, refinished hardwood floors throughout HOME, Fresh Paint, Light Fixtures/Ceiling Fans, Toilets, and Many more added extras. Taxes- $1048 a year = $85.83 a month Insurance- $425 = $35.42 Currently Rented- $841.00 a month Property Management Fee- 8% of Rent collected- $67.28 Vacancy- $40 Maintenance- $50 Cap Ex-$50 Total cash flow each month- $512.47 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 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.
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