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3529 Graves Road, Memphis, TN 38116
Purchase Price: $69,900
Property Status: Requires Renovated, Included In Price
TAX APPRAISAL: $67,700
Closing Costs: $1k (estimated)
Total Monthly Debt Service: (Assumes Cash Purchase)
Rent Range: $795 – $895(Assumes $850)
City/County Taxes*: $101/month (based on 2016 values)
Less Management (10%): $85/month
Positive Monthly Cash Flow: $618.23
Plus instant equity!
In Whitehaven, on Graves Road, this adorable home on a deep lot offers families privacy., safety, and security. Will have a new vinyl wrapped siding package put on as well as dimensional roof, in our Platinum Renovation Package Offering! This property, when complete, will look stellar and have fantastic curb appeal!!!
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 $67,700 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