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Cherry Gardens Stone House – No Maintenance Exterior!!!

Property Offered at: $55,900 -

4140 Mink , Memphis, TN 38122

4140 Mink Memphis, Tennessee 38122

A 3 bedroom, 1 bath stone home

Purchase Price: $55,900
Property Status: Includes Renovation – Included in Price!

TAX APPRAISAL: $52,600 – Needs to be contested IMMEDIATELY!

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $695 – $795(assumes $725)

City/County Taxes: $79(based on 2013 values)
Insurance: $40
Less Management (8%): $58
Positive Monthly Cash Flow: $548/month!!!

Cash on Cash Return: 11.56%

Plus instant equity!

Located in Cherry Gardens, this home is an excellent rental property on a quiet cove.  Large backyard and a complete renovation are included in price!!!

This property qualifies for Robert Feol’s Short Term Retirement Program – a simple, non qualifying permanent lending program where you bring 50% of the purchase price as a down payment, and we will finance the rest over a 5 or 7 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 – 7 years you own your investment home free and clear, without any lien on it.

You can also purchase using private hard money 0r use cash to acquire the property also.

Property is offered completely turnkey, and we have management in place through several proven and reliable, licensed management companies here locally.

Massive cash flow property, with a diverse array of profitable exit strategies.

Property Details:

Sq/Ft Total

1,200

Bathrooms

1 Full / 1 Half

Bedrooms

3

Garage Spaces

Finacial Details:

Property Status

Sold