$59,500 MEMPHIS. 2 homes generating 17.2% net yield

3366 Eastport, Memphis, TN 38118 comprises a pair of semi-detached properties which have just been refurbished to a high standard. Interior photos are available upon request. Each of the properties has 2 bedrooms. New tenants have been approved and will be moving in shortly. 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:  $59,500 Buying Costs:   $2,500 TOTAL OUTLAY:  $62,000…

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3366 Eastport, Memphis, TN 38118 comprises a pair of semi-detached properties which have just been refurbished to a high standard. Interior photos are available upon request. Each of the properties has 2 bedrooms. New tenants have been approved and will be moving in shortly.

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:  $59,500

Buying Costs:   $2,500

TOTAL OUTLAY:  $62,000

 RENTAL INCOME:  $14,400 per annum

 OUTGOINGS:

 Taxes:             $2,003.04

Insurance:        $600

Management:  $1,152

 

TOTAL OUTGOINGS:  $3,755.04

NET INCOME:   $10,644.96

THE NET YIELD IS THEREFORE A FANTASTIC 17.2%.

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