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2806 Dromedary, Bartlett, TN 38134
Purchase Price: $124,900
Property Status: Needs work, included in price
TAX APPRAISAL: $88,100
Closing Costs: $1k (estimated)
Total Monthly Debt Service: (Assumes Cash Purchase)
Rent Range: $1000 – $1150(Assumes $1095)
City/County Taxes*: $136/month (based on 2015 values)
Less Management (10%): $109.50/month
Positive Monthly Cash Flow: $809.31
Plus instant equity!
In the Memphis suburb of Bartlett, life is good – great schools, and quiet living. This home features 4 bedrooms and 2 baths, and offers a sun room with aback addition showcasing a second story bedroom and work area!
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 $88,100 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
2 Full / Half