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6501 Ames, Bartlett, TN 38134
Purchase Price: Call
Property Status: Needs work, included in price
TAX APPRAISAL: $124,300
Closing Costs: $1k (estimated)
Total Monthly Debt Service: (Assumes Cash Purchase)
Rent Range: $1200 – $1400(Assumes $1350)
City/County Taxes*: $192.10/month (based on 2015 values)
Less Management (10%): $135/month
Positive Monthly Cash Flow: $982.85
Plus instant equity!
In the Memphis suburb of Bartlett, life is good – great schools, and quiet living. This house on a cove has been extremely well maintained and is going to look phenomenal after some major updating is applied! Featuring 3 beds, 2 baths, and all brick construction, this is a workhorse rental which will be in your portfolio for years to come!
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 $124,300 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
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