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4331 Riche Road, Memphis, TN 38128
4331 Riche Road Memphis, Tennessee 38128
A 3 bedroom, 1.5 bath brick home
Purchase Price: $74,900
Property Status: Needs work– Included in Price!
TAX APPRAISAL: $60,800 – Needs to be contested IMMEDIATELY!
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $895 – $995(assumes $925)
City/County Taxes: $91(based on 2014 values)
Less Management (8%): $74
Positive Monthly Cash Flow: $715.35/month!!!
Plus instant equity!
An all brick property with a converted garage featuring a den and wood burning fireplace, this home offers gorgeous curb appeal, beautiful hardwood flooring throughout, and will get a complete DPW renovation including a dimensional roof and all new mechanical equipment. Located close to schools and shopping, this home is an outstanding addition to any investors growing Memphis cashflowing portfolio!
This property qualifies for Robert Feol’s Short Term Retirement Program – a simple, non qualifying permanent lending program where you bring 50% of the purchase price as a down payment, and we will finance the rest over a 5 or 7 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 – 7 years you own your investment home free and clear, without any lien on it.
You can also purchase using private hard money 0r use cash to acquire the property also.
Property is offered completely turnkey, and we have management in place through several proven and reliable, licensed management companies here locally.
Massive cash flow property, with a diverse array of profitable exit strategies.
1 Full / 1 Half