1241 Leawood Memphis, Tennessee 38122
Purchase Price: $69,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $36,400
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $750 – $850(assumes $775)
City/County Taxes*: $54/month (based on 2012 values)
Positive Monthly Cash Flow: $613.28/month
Plus instant equity!
Located north of Macon Road, this home on Leawood is a powerful investment tool. Featuring three bedrooms, two bathrooms, a detached garage, and much more, this home will be easy to rent and maintain. Add in Discount property Warehouse’s custom renovation and upgrade package, and we will turn your rental home into a rental dollhouse!
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 $36,400 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.