5318 Cresser Cove, Memphis, TN 38116
Purchase Price: $109,900
Property Status: Needs work, included in price
TAX APPRAISAL: $96,400
Closing Costs: $1k (estimated)
Total Monthly Debt Service: (Assumes Cash Purchase)
Rent Range: $1095 – $1250(Assumes $1150)
City/County Taxes*: $145/month (based on 2015 values)
Less Management (10%): $115/month
Positive Monthly Cash Flow: $845.08
Plus instant equity!
A beautiful 3 bedroom, 2 bath home nestled in the heart of Whitehaven. On a quiet cove, recent sales in the neighborhood are up to 145k for smaller homes. Discount Property Warehouse truly is your wholesale discount provider! Purchase price includes complete renovations, with new mechanical. 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 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 $96,400 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
2 Full / Half