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Large Berclair Home With No Maintenance Siding!!!

Property Offered at: $53,900 -

3581 Fairmont, Memphis, TN 3812

3581 Fairmont Memphis, Tennessee 38122

Purchase Price: $53,900
Property Status: Repairs Needed, Included in Price

TAX APPRAISAL: $39,800

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $750(rent range: $700 – $795)

City/County Taxes*: $82/month (based on 2012 values)

Insurance: $40
Less Management (8%): $60

Positive Monthly Cash Flow: $567.67/month

Plus instant equity!

A large 1500 square foot 3 bedroom, 1 bath home with new central heat and air, no maintenance exterior siding and a complete gold package renovation including a dimensional roof

Build your rental portfolio starting at 54k USD!

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 $39,800 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

1,500

Bathrooms

1 Full / Half

Bedrooms

3

Garage Spaces

Finacial Details:

Property Status

Sold