1135 McEvers, Memphis, TN 38111
1135 McEvers Memphis, Tennessee 38111
Purchase Price: $62,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $43,400
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $750 – $825
City/County Taxes*: $85/month (based on 2014 values)
Positive Monthly Cash Flow: $572.15
Plus instant equity!
Featuring excellent curb appeal, all brick construction and with new renovations including a new dimensional roof, central HVAC, all city and county permitting, and a complete interior rehab, this property features a long term portfolio strategy with an excellent upside. Retail sales in neighborhood from 65k – 85k
This property qualifies for Robert Feol’s Short Term Retirement Program – a simple, non qualifying permanent lending program where you bring 30% – 50% of the purchase price as a down payment, and we will finance the rest over a 5 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 years you own your investment home free and clear, without any lien on it.
Financing (short and long term), property management, insurance, home inspectors, and contractors are available upon request
*Property taxes are based on $43,300 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
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