759 Avon, Memphis, TN 38122
Purchase Price: $36,900
Property Status: Needs Minor Repairs (included in purchase price)
TAX APPRAISAL: $57,800
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $650 – Rented!
City/County Taxes: $86 (based on 2009 values)
Insurance: $42
Less Management (8%): $48
Positive Monthly Cash Flow: $474/month
Does NOT Account For:
Maintenance (10%): $65
Vacancy(10%): $65
Total Net Positive Less Vacancy and Maintenance: $344/month
Plus instant equity!
Financing (short and long term), property management, insurance, home inspectors, and contractors are available upon request. This property is eligible for private, in house financing using The Short Term Retirement Program(www.ShortTermRetirement.com)
This fantastic rental property has 2 bedrooms, 1 baths, located in the heart of Berclair on the corner of Avon and Bowen. Easy to rent, easy to maintain, and gorgeous renovation! Just look at the photos of the renovation!
The property features a large yard with a DOUBLE fenced in lot and detached steel storage shed. Paved off street parking, and a low price to boot!
An excellent buy – and a GREAT starter investment!
Investor Fundamentals:
Tax assesment CAN be contested to increase cash flow.
