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3234 Haraway Memphis, Tennessee 38118
Purchase Price: $29,900
Property Status: Needs Work
Tax Appraisal: $54,400
Work Needed: $6,000
Closing Costs: $1k(estimated)
Total Monthly Debt Service(Assumes Cash Purchase)
Rent: $625(Currently occupied on Section 
City/County Taxes: $82/month(based on 2009 values)
Insurance: $50/month
Less Management:(8%): $56
Positive Monthly Cash Flow: $507/month
Does NOT Account For:
Maintenance(10%): $69.50
Vacancy(10%):$69.50
Total Net Positive Less Vacancy and Maintenance: $368.00/month
Financing(short and long term), property management, insurance, home inspectors, and contractors are available upon request. This property is located in a strong rental neighborhood which features a combination of homeowners and renters, and reflects true pride of ownership. This is a perfect starter investment, both for inexperienced investors and also those looking to get their feet wet in the Memphis real estate market with minimal risk.
Tax Assessment CAN be contested to increase positive cash flow.
