Property Offered at: Call - On a Quiet Cove, Highly Convenient Location!!!

6501 Ames, Bartlett, TN 38134

Purchase Price: Call
Property Status: Needs work, included in price

TAX APPRAISAL: $124,300

Closing Costs: $1k (estimated)

Total Monthly Debt Service: (Assumes Cash Purchase)

Rent Range: $1200 – $1400(Assumes $1350)

City/County Taxes*: $192.10/month (based on 2015 values)
Insurance: $40
Less Management (10%): $135/month

Positive Monthly Cash Flow: $982.85

Plus instant equity!

In the Memphis suburb of Bartlett, life is good – great schools, and quiet living.  This house on a cove has been extremely well maintained and is going to look phenomenal after some major updating is applied!  Featuring 3 beds, 2 baths, and all brick construction, this is a workhorse rental which will be in your portfolio for years to come!

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 $124,300 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.

Property Details:

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