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1189 Dovecrest, Memphis, TN 38134
Purchase Price: $99,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $105,500
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $1095 – $1195
City/County Taxes*: $275/month (based on 2015 values)
Less Management (10%): $120/month
Positive Monthly Cash Flow: $755/month!
Plus instant equity!
Located by Bass Pro Shop and Shelby Farms, this property is an excellent candidate for lease, lease purchase, or commercial leasing(1/2 acre property is zoned commercial) Comes complete with Discount Property Warehouse’s *silver* renovation package including all interior rehab and one year home warranty, and can be upgraded to the gold or platinum package upon request! See sales associate for details.
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 $105,500 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
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