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Cordova At Its Finest!

Property Offered at: $199,900 - No City Taxes!

1574 Sawmill Creek, Cordova, TN 38016

1574 Sawmill Creek, Cordova, Tennessee 38016

Purchase Price: $199,900
Property Status: Repairs Needed, Included in Price

TAX APPRAISAL: $152,300

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $1300(Currently rented – long term tenants)

City/County Taxes*: $133/month (based on 2012 values)

Insurance: $45
Less Management (10%): $130/month

Positive Monthly Cash Flow: $992.26

Plus instant equity!

This Cordova home was built in 2004 and has long term tenants of 4+ years.  AC system was recently replaced.  Fair Market Value for this home based on recent sales comparables is 205k.

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 $152,300 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

2400

Bathrooms

2 Full / 1 Half

Bedrooms

4

Garage Spaces

2

Finacial Details:

Property Status

Sold