3581 Fairmont Memphis, Tennessee 38122
Purchase Price: $53,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $39,800
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $750(rent range: $700 – $795)
City/County Taxes*: $82/month (based on 2012 values)
Positive Monthly Cash Flow: $567.67/month
Plus instant equity!
A large 1500 square foot 3 bedroom, 1 bath home with new central heat and air, no maintenance exterior siding and a complete gold package renovation including a dimensional roof
Build your rental portfolio starting at 54k USD!
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 $39,800 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.