3019 Scenic Highway Memphis, Tennessee 38128
Purchase Price: $79,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $84,100
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $895 – $995(assumes $950)
City/County Taxes*: $126/month (based on 2012 values)
Positive Monthly Cash Flow: $683.57/month
Plus instant equity!
A massive four bedroom, two bath home with a garage located in the adorable Scenic Hills Neighborhood. This property has an excellent estate style layout and is located on a large land parcel. All brick, the property will undergo an extensive renovation to make it ready for a family. Great home for lease purchase also!
Work to be done on this property includes but is not limited to new HVAC, interior paint, carpet or flooring, dimensional 30 year roof, and much more! Easy to rent, no maintenance exterior. What a find!
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 $84,100 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.