1445 Dearing  Memphis, Tennessee 38111

A 3 bedroom, 1 bath brick home

Purchase Price: $76,900
Property Status: Needs Renovation – Included in Price!

TAX APPRAISAL: $84,500 – Needs to be contested IMMEDIATELY!

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $850 – $950(assumes $895)

City/County Taxes: $127(based on 2012 values)
Insurance: $50
Less Management (10%): $65
Positive Monthly Cash Flow: $628/month!!!

Plus instant equity!

Colonial Acres investment property is difficult to find at good prices, as it is so often sold at retail prices to owner occupants.  This property, close to the newly built Colonial Middle School, offers a complete renovation including new central heat and air, a new architectural roof, all new flooring, a new kitchen, and new backyard fencing.  Don’t let this one slip away – these properties in this neighborhood are hard to find!

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.

Investor Fundamentals:

Property taxes are based on $84,500 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.  WE RECOMMEND TAX CONTESTING IMMEDIATELY AFTER PURCHASE TO IMPROVE AND MAXIMIZE CASH FLOW.