4310 Almo, Memphis, TN 38118
Purchase Price: $94,900
Property Status: Rented for $900, Tenant in Home
TAX APPRAISAL: $65,300
Closing Costs: $1k (estimated)
Total Monthly Debt Service: (Assumes Cash Purchase)
Rent Range: $850 – $925(Assumes $895)
City/County Taxes*: $100/month (based on 2016 values)
Less Management (10%): $89.50/month
Positive Monthly Cash Flow: $662.34
Plus instant equity!
Nestled in Parkway Village, this brick 4 bedroom 2 bath home features a beautiful floor plan and layout. Complete with brick fireplace, enclosed deck and porch, fenced backyard, and gorgeous woodwork inside, this home is an easy to rent turnkey property which will provide a steady stream of income for years to come. Offering a complete renovation package including new mechanical, this home is a long term acquisition that will pay for itself.
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 $65,300 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
**Note: All photos shown are BEFORE renovation photos. Ask your sales representative for examples of before and after photos on our sold homes.
2 Full / Half