4356 Macon Road Memphis, Tennessee 38122
A 3 bedroom, 1 bath brick home
Purchase Price: $65,900
Property Status: Includes Renovation – Included in Price!
TAX APPRAISAL: $38,800 – Needs to be contested IMMEDIATELY!
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $800 – $895(assumes $850)
City/County Taxes: $82(based on 2013 values)
Less Management (8%): $68
Positive Monthly Cash Flow: $655.51/month!!!
Plus instant equity!
An all brick home in Berclair, this property is on a corner lot and features a fenced in back yard, all brick construction, covered parking, and convenient access to Wells Station Elementary. Renovation work to be performed includes central heat and air, interior paint, tile, and flooring, plus all city permitting necessary to obtain full occupancy.
This property qualifies for Robert Feol’s Short Term Retirement Program – a simple, non qualifying permanent lending program where you bring 50% of the purchase price as a down payment, and we will finance the rest over a 5 or 7 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 – 7 years you own your investment home free and clear, without any lien on it.
You can also purchase using private hard money 0r use cash to acquire the property also.
Property is offered completely turnkey, and we have management in place through several proven and reliable, licensed management companies here locally.
Massive cash flow property, with a diverse array of profitable exit strategies.