Property Offered at: $89,900 - Includes Complete Renovation and New Mechanical!
3122 Pebble Beach Cove, Memphis, TN 38115
Purchase Price: $89,900
Property Status: Repairs Needed, Included in Price
TAX APPRAISAL: $88,700
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $995 – $1095(assumes $1050)
City/County Taxes*: $133/month (based on 2015 values)
Insurance: $45
Less Management (10%): $105/month
Positive Monthly Cash Flow: $766.66
Plus instant equity!
Beautiful brick home in Memphis which has almost 2100 square feet. Includes a carport and is nestled on a small cove in a very desirable owner occupied neighborhood. Comes complete with Discount Property Warehouse’s *platinum* renovation package including a new roof, central heat and air, and updated electrical!
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 $88,700 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
Property Details:
Finacial Details:
Property Status
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