3571 Kearney Memphis, Tennessee 38111

A 2 bedroom, 1 bath brick home

Purchase Price: $104,900
Property Status: Currently under renovation – Included in Price!

TAX APPRAISAL: $75,200 – Needs to be contested IMMEDIATELY!

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $895 – $995(assumes $950)

City/County Taxes: $113(based on 2012 values)
Insurance: $45
Less Management (10%): $85
Positive Monthly Cash Flow: $706.95/month!!!

Plus instant equity!

This property, walking distance to the University of Memphis, is going to be gutted and renovated with all new central heat and air, flooring, and a dimensional 30 year architectural roof!  Homes east of Highland in the U of M area are very difficult to find, and more importantly, are highly prized and sought after by college students for he convenience of location, proximity, shopping, as well as transportation.  WILL NOT LAST!

This property qualifies for Robert Feol’s Short Term Retirement Program – a simple, non qualifying permanent lending program where you bring 50% of the purchase price as a down payment, and we will finance the rest over a 5 or 7 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 – 7 years you own your investment home free and clear, without any lien on it.

You can also purchase using private hard money 0r use cash to acquire the property also.

Property is offered completely turnkey, and we have management in place through several proven and reliable, licensed management companies here locally.

Massive cash flow property, with a diverse array of profitable exit strategies.