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3122 Pebble Beach Cove, Memphis, TN 38115
Purchase Price: $89,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $88,700
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $995 – $1095(assumes $1050)
City/County Taxes*: $133/month (based on 2015 values)
Less Management (10%): $105/month
Positive Monthly Cash Flow: $766.66
Plus instant equity!
Beautiful brick home in Memphis which has almost 2100 square feet. Includes a carport and is nestled on a small cove in a very desirable owner occupied neighborhood. Comes complete with Discount Property Warehouse’s *platinum* renovation package including a new roof, central heat and air, and updated electrical!
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 $88,700 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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