3434 Felton, Memphis, TN 38128
Purchase Price: $59,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $56,500
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $725 – $825(assumes $795)
City/County Taxes*: $85/month (based on 2015 values)
Less Management (10%): $79.50/month
Positive Monthly Cash Flow: $585.56
Plus instant equity!
An all brick starter home with carport and gorgeous acreage nestled in the Scenic Hills subdivision, easy to rent and maintain. Comes complete with Discount Property Warehouse’s *platinum* renovation package including a new roof, central heat and air, and updated electrical!
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 $56,500 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
1 Full / Half