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Four Bedroom Gem in Whitehaven – Tons of Footage!!!

Property Offered at: $102,900 - Appraised at 107k!

4859 Fairfield, Memphis, TN 38116

Purchase Price: $102,900
Property Status: Needs work, included in price

TAX APPRAISAL: $61,200

Closing Costs: $1k (estimated)

Total Monthly Debt Service: (Assumes Cash Purchase)

Rent Range: $900 – $995(Assumes $950)

City/County Taxes*: $92/month (based on 2015 values)
Insurance: $55
Less Management (10%): $95/month

Positive Monthly Cash Flow: $703.00

Plus instant equity!

A beautiful 4 bedroom, 2 bath home nestled in the heart of Whitehaven.  On a quiet street, large backyard with basketball court in rear.  Discount Property Warehouse truly is your wholesale discount provider!  Purchase price includes complete renovations, with new mechanical.  Will not last.

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 $61,200 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

1735

Bathrooms

2 Full / Half

Bedrooms

4

Garage Spaces

2

Finacial Details:

Property Status

For Sale