Property Offered at: $63,900 - No City Taxes!

7629 Sledge Road, Millington, TN 38053

Purchase Price: $63,900
Property Status: Turnkey, Rented, Tenant under lease!

TAX APPRAISAL: $41,500

Closing Costs: $1k (estimated)

Total Monthly Debt Service: (Assumes Cash Purchase)

Rent Range: $775 – $875(Assumes $795)

City/County Taxes*: $35/month (based on 2016 values)
Insurance: $40
Less Management (10%): $79.50/month

Positive Monthly Cash Flow: $640.49/month

Plus instant equity!

This investment opportunity in Millington can be used as a rental property or rebuilt for retail sale.  An excellent location off Navy Road, and beautiful neighborhood.  Millington schools, no City Taxes!  Price includes rental rehab with new windows, roof, flooring, and mechanical systems.

On a quiet cross street and a short drive to shopping, schools, and interstate. Also features a fenced in back yard.

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 – 10 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 – 10 years you own your investment home free and clear, without any lien on it, producing unencumbered cash flow every month – for the rest of your life!

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

Investor Fundamentals:

*Property taxes are based on $41,500 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
Ways to Buy:

1) As – Is Sale: You purchase a property from us and handle any remaining renovation yourself. You can also buy turnkey homes from us that are rented and ready for delivery under our ‘As Is’ terms. A great way to get going with cashflow already in place!

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Property Details:

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