$29,900 Tenanted Memphis home producing 14.19% net yield
3835 Berkshire, Memphis, TN 38108 is a detached 2 bedroom single family home of 720 square feet which has recently been refurbished to a high standard. A new tenant has been screened and is moving in shortly generating a net income of $4,598. Memphis is ranked as Number 1 in terms of capital appreciation ove rthe next few years so this property may well generate a return on investment averaging in excess of 30% over…
3835 Berkshire, Memphis, TN 38108 is a detached 2 bedroom single family home of 720 square feet which has recently been refurbished to a high standard. A new tenant has been screened and is moving in shortly generating a net income of $4,598. Memphis is ranked as Number 1 in terms of capital appreciation ove rthe next few years so this property may well generate a return on investment averaging in excess of 30% over the next 5 years.
Unlike many of our competitors, we take into account all closing and ongoing costs to give you a genuine net yield!
KEY FIGURES:
Purchase Price: $29,900
Buying Costs: $2,500
TOTAL OUTLAY: $32,400
RENTAL INCOME: $6,000 per annum
OUTGOINGS:
Taxes: $441.96
Insurance: $480
Management: $480
TOTAL OUTGOINGS: $1,401.96
NET INCOME: $4,598.04
THE NET YIELD IS THEREFORE A FANTASTIC 14.19%.
For further information or to reserve this property, please complete the enquiry form as soon as possible.
