Property Offered at: -

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3732 Deerwood Cove Memphis, Tennessee 38111

A 2 bedroom, 1 bath brick home

Purchase Price: $47,900
Property Status: Ready for tenant – Includes All Work

TAX APPRAISAL: $38,100

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $550 – $650(assumes $625)

City/County Taxes: $112.90(based on 2011 values)
Insurance: $33
Less Management (9%): $57.27
Positive Monthly Cash Flow: $478/month!!!

Plus instant equity!

A gorgeous property in the Sherwood Forest subdivision, this property is a perfect example of Memphis Real Estate Investment Property.  This home is a 2 bedroom, 1 bath property on a quiet street across form a park.  Easy to rent and maintain!

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 o0r use cash to acquire the property also.

Property is offered completely turnkey, using Marathon Management as our management hub.   Includes 24 hour access to property statements, rental income, etc., through their online software system.

Link to Marathon’s Management Website can be found HERE:

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

Investor Fundamentals:

Property taxes are based on $38,100 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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