1443 Wrenwood Memphis, Tennessee 38108
Purchase Price: $52,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $28,200
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $650(currently rented)
City/County Taxes*: $43/month (based on 2012 values)
Positive Monthly Cash Flow: $497.61/month
Plus instant equity!
A cute 2 bedroom, 1 bath home with new central heat and air, just renovated with tenants in place paying $650/month.
Build your rental portfolio starting at 50k 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 $28,200 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.