1574 Sawmill Creek, Cordova, Tennessee 38016
Purchase Price: $199,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $152,300
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $1300(Currently rented – long term tenants)
City/County Taxes*: $133/month (based on 2012 values)
Positive Monthly Cash Flow: $992.26
Plus instant equity!
This Cordova home was built in 2004 and has long term tenants of 4+ years. AC system was recently replaced. Fair Market Value for this home based on recent sales comparables is 205k.
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 $152,300 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.