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Fully Renovated and Rented Turnkey Property in Sherwood Forest!

Property Offered at: $57,900 - Turnkey Property, Fully Rented

1172 Will Scarlet, Memphis, TN 38111

Purchase Price: $57,900
Property Status: Renovated, Fully Rented

TAX APPRAISAL: $43,500

Closing Costs: $1k (estimated)

Total Monthly Debt Service: (Assumes Cash Purchase)

Rent Range: $775(Currently rented on a one year lease)

City/County Taxes*: $65/month (based on 2015 values)
Insurance: $45
Less Management (10%): $77.50/month

Positive Monthly Cash Flow: $587.11

Plus instant equity!

This fully renovated home includes updated central heat and air, a back deck, garage with remote start, beautiful hardwoods, new tile and countertop in kitchen, and no maintenance aluminum siding on the exterior.  Currently rented for $775.

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 $43,500 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

853

Bathrooms

1 Full / Half

Bedrooms

2

Garage Spaces

1

Finacial Details:

Property Status

Sold