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1752 Goodhaven, Memphis, TN 38116
TAX APPRAISAL: $64,500
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: CURRENTLY RENTED AT $350/side. Market rent is $450 – $495/side.
City/County Taxes*: $100/month (based on 2015 values)
Less Management (10%): $70/month
Positive Monthly Cash Flow: $505.69/month BEFORE MARKET RENT INCREASE!
Plus instant equity!
The sole duplex on a street of single family homes, recent sales are in the 85k+ range. This home, with many updates and separate meters, represents some of the finest value for your dollar Memphis real estate has to offer. Currently rented on both sides with central heat and air, Discount Property Warehouse offers a turnkey property with a new dimensional roof and other renovation items all in a highly discounted package for less than 75k.
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 $64,500 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
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