Property Offered at: $59,900 - All Brick Constuction and Beautiful Land

3434 Felton, Memphis, TN 38128

Purchase Price: $59,900
Property Status: Repairs Needed, Included in Price

TAX APPRAISAL: $56,500

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $725 – $825(assumes $795)

City/County Taxes*: $85/month (based on 2015 values)
Insurance: $45
Less Management (10%): $79.50/month

Positive Monthly Cash Flow: $585.56

Plus instant equity!

An all brick starter home with carport and gorgeous acreage nestled in the Scenic Hills subdivision, easy to rent and maintain. 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 $56,500 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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