$42,000 Lovely Memphis home generating 13.22% net yield

5741 Wintertree, Memphis, TN 38115 is a detached 3 bedroom property in a good residential district which has been the subject of complete refurbishment. Interior photos are available upon request. A tenant has been approved and will be moving in shortly generating a net income of $5,882 per annum. 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:  $42,000 Buying…

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5741 Wintertree, Memphis, TN 38115 is a detached 3 bedroom property in a good residential district which has been the subject of complete refurbishment. Interior photos are available upon request. A tenant has been approved and will be moving in shortly generating a net income of $5,882 per annum.

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:  $42,000

Buying Costs:   $2,500

TOTAL OUTLAY:  $44,500

 RENTAL INCOME:  $8,280 per annum

 OUTGOINGS:

Taxes:             $1,089.60

Insurance:        $480

Management:  $828

 

TOTAL OUTGOINGS:  $2,397.60

NET INCOME:   $5,882.40

THE NET YIELD IS THEREFORE A FANTASTIC 13.22%.

For further information or to reserve this property, please complete the enquiry form as soon as possible.