
Buy & Hold | Nov 2019 – Present
Single-family residence – 3556 Neely Rd, Memphis, TN 38109
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Purchase price: $94,250.00
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Cash invested: $24,630.13
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Monthly cashflow: $508.60
My first venture into turnkey commercial property proved to be a smart move. This particular property cashflowed immediately and generates $972 in rent monthly. What made it even more rewarding was the opportunity to work with the long-term tenant, who's been there for seven years. When I acquired the property, she was experiencing health issues that impacted her payments. After collaborating to establish a manageable payment program, she successfully caught up, and now reliably pays her rent on schedule. The current Zestimate is $114,300.