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Adorable All Brick Home Near University of Memphis – Includes All Renovations!

Property Offered at: $62,900 -

1135 McEvers, Memphis, TN 38111

1135 McEvers Memphis, Tennessee 38111

Purchase Price: $62,900
Property Status: Repairs Needed, Included in Price

TAX APPRAISAL: $43,400

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $750 – $825

City/County Taxes*: $85/month (based on 2014 values)

Insurance: $45
Less Management (10%): $77.50/month

Positive Monthly Cash Flow: $572.15

Plus instant equity!

Featuring excellent curb appeal, all brick construction and with new renovations including a new dimensional roof, central HVAC, all city and county permitting, and a complete interior rehab, this property features a long term portfolio strategy with an excellent upside.  Retail sales in neighborhood from 65k – 85k

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

Investor Fundamentals:

*Property taxes are based on $43,300 assessed value, which can be contested to increase cash flow.  Square footage is based on Shelby County Tax Assessor’s information.

Property Details:

Sq/Ft Total

Bathrooms

1 Full / Half

Bedrooms

2

Garage Spaces

Finacial Details:

Property Status

Sold