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3820 Emerson , Memphis, TN 38128
3820 Emerson Memphis, Tennessee 38128
A 3 bedroom, 1 bath brick home
Purchase Price: $52,900
Property Status: Needs Renovation – Included in Price!
TAX APPRAISAL: $50,800 – Needs to be contested IMMEDIATELY!
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $700 – $800(assumes $750)
City/County Taxes: $92(based on 2014 values)
Less Management (10%): $75
Positive Monthly Cash Flow: $543.46/month!!!
Plus instant equity!
This property is located in a perfect rental neighborhood. With no maintenance vinyl siding and a complete architectural overhaul, this property will offer a great homestead to tenants for years to come. Includes a single car garage.
Renovations include, but are not limited to, a new architectural roof, interior paint, refinishing of the floors/installing new flooring, ceramic tile(in 14 x 14) for the kitchens and baths, and much more! Property has adorable curb appeal and will rent quickly. On a corner lot with no maintenance vinyl siding!
This property qualifies for Robert Feol’s Short Term Retirement Program – a simple, non qualifying permanent lending program where you bring 50% of the purchase price as a down payment, and we will finance the rest over a 5 or 7 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 – 10 years you own your investment home free and clear, without any lien on it.
You can also purchase using private hard money 0r use cash to acquire the property also.
Property is offered completely turnkey, and we have management in place through several proven and reliable, licensed management companies here locally.
Massive cash flow property, with a diverse array of profitable exit strategies.
Property taxes are based on $38,800 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information. WE RECOMMEND TAX CONTESTING IMMEDIATELY AFTER PURCHASE TO IMPROVE AND MAXIMIZE CASH FLOW.
1 Full / 1 Half