Copy and paste t watch Video!! https://youtu.be/y0OmYt5YVfc TENANT OCCUPIED!! UPDATED HOME WITH OVER $27,000 REHAB LOOK AT VIDEO!!! This is a 4 Bedroom 1 and a half bath home with a 3 car garage over 1700 sq feet plus 700 sq feet in room over garage home is located in CORA LAKE area of Memphis TN, Tax assessed for $100,700… Recently remodeled January 2019 includes paint, ceramic tile in kitchen and bathrooms, hard wood floors, wrought iron outside doors, ROOF, electric installed, light fixtures, updated plumbing, carpet, has a THREE CAR GARAGE With HUGE play room above Garage and many many more. 5065 Bowie RD Memphis TN 38109 List Price: $83,000 AVAILABLE- TENANT OCCUPIED!! Built: 1963 Currently Rented for $900.00 a Month 1 year leased until March 2021 Property Management Fee $72.00 a Month = 8% Taxes – $152.00 a Month Insurance Quote -$63.00 a Month Vacancy- $60.00 Maintenance- $55.00 CAP EX- $55.00 If purchased all cash no Mortgage you would expect to CASH FLOW- $443.00!!!?? 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. if you are interested in this property… Don’t forget to view the video on this beautiful Cash Flowing property below.. 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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