4134 Leroy Memphis, Tennessee 38108
Purchase Price: $45,900
Property Status: Ready for tenant
TAX APPRAISAL: $39,000
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range 4 Bedroom House: $695 – $725(assumes $700)
City/County Taxes: $59(based on 2010 values)
Insurance: $40
Less Management (10%): $70
Positive Monthly Cash Flow: $531/month!!!
Does NOT Account For:
Maintenance (10%): $70
Vacancy(10%): $70
Total Net Positive Less Vacancy and Maintenance: $391/month
Plus instant equity!
Adorable 4 bedroom with no maintenance siding and a tin roof(no maintenance also) in the BErclair area, walking distance to Wells Station Schools!
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.
You can also purchase using private hard money and refinance as well, minimizing your cash out of pocket.
Financing (short and long term), property management, insurance, home inspectors, and contractors are available upon request.
Massive cash flow property, with a diverse array of profitable exit strategies.
Investor Fundamentals:
Property taxes are based on $39,000 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
We recommend contesting the assessment value to halve your annual tax payments.
