1054 Meda, Memphis, TN 38104
Purchase Price: $122,900
Property Status: Turnkey, Needs Cosmetic Work(Included in Price) – Tenant in Shortly
TAX APPRAISAL: $131,900
Closing Costs: $1k (estimated)
Total Monthly Debt Service: (Assumes Cash Purchase)
Rent Range: $1150 – $1295(Assumes $1195)
City/County Taxes*: $199/month (based on 2016 values)
Less Management (10%): $125.00/month
Positive Monthly Cash Flow: $821.72
Plus instant equity!
Cooper Young is one of the hottest areas in Memphis right now. With home values skyrocketing, take advantage of an instant equity position and our turnkey platinum renovation. This adorable brick home features three bedrooms, two baths, a carport, and is walking distance to Cooper Young’s incredible array of amenities, new restaurants, and outdoor pleasures! Don’t let deferred maintenance eat your investment home alive, let Discount Property Warehouse provide you with a fully turnkey home with high quality upgrades! Discount Property Warehouse truly is your wholesale discount provider! Purchase price includes upgrades(detailed in the Scope of Work – see your Sales Representative for details), with new mechanical. New windows optional, but recommended. Will not last.
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 – 10 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 – 10 years you own your investment home free and clear, without any lien on it, producing unencumbered cash flow every month – for the rest of your life!
Financing (short and long term), property management, insurance, home inspectors, and contractors are available upon request
*Property taxes are based on $131,900 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
1) As – Is Sale: You purchase a property from us and handle any remaining renovation yourself. You can also buy turnkey homes from us that are rented and ready for delivery under our ‘As Is’ terms. A great way to get going with cashflow already in place!
2) Presale Property(Under Construction): You can elect to purchase a turnkey property from us that is under construction which will be ready for a tenant shortly. You have the option of closing the property prior to the completion of construction, and you can also hold the property until construction is complete with a deposit of nonrefundable earnest money. Either way, find a house you like and purchase the way you want!
3) Presale Property(Anticipated Delivery From Bank): Discount Property Warehouse often sources homes from large bank inventories which fit the needs of specific investors. Once we have sourced a property for you, you can hold it with earnest money until it is ready to be delivered. This way you get EXACTLY what you want without having to wait for your order to be fulfilled months from now, and we can expedite the construction and closing as per your instructions. You can also take advantage of our Silver, Gold, and Platinum package delivery options l- ask your Sales rep for details!