$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…

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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.