4277 Kimball Memphis, Tennessee 38111

Purchase Price: $64,900
Property Status: Repairs Needed, Included in Price

TAX APPRAISAL: $65,100

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $750 – $850(assumes $825)

City/County Taxes*: $98/month (based on 2012 values)

Positive Monthly Cash Flow: $599.64/month

Plus instant equity!

A classic three bedroom, two bath home with circular driveway and lots of space.  This home’s all brick, no maintenance exterior and fenced in land parcel will be the envy of neighbors, especially after we gut the interior of the home and add a new dimensional roof and central heat and air!  Located near Getwell Road and interstate 240, elementary students can attend the new South Park Elementary or Willow Oaks, both ‘in demand’ schools in the Shelby County System.

Work to be done on this property includes but is not limited to new HVAC, interior paint, carpet or flooring, dimensional 30 year roof, and much more!  Easy to rent, no maintenance exterior.  What a find!

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.

Financing (short and long term), property management, insurance, home inspectors, and contractors are available upon request

Investor Fundamentals:

*Property taxes are based on $65,100 assessed value, which can be contested to increase cash flow.  Square footage is based on Shelby County Tax Assessor’s information.