3648 Faxon Memphis, Tennessee 38122
A 3 bedroom, 1 bath frame home
Purchase Price: $57,900
Property Status: Includes Renovation – Included in Price!
TAX APPRAISAL: $30,600 – Needs to be contested IMMEDIATELY!
Closing Costs: $1k (estimated)
Total Monthly Debt Service (Assumes Cash Purchase)
Rent Range: $695 – $795(assumes $750)
City/County Taxes: $74(based on 2013 values)
Less Management (8%): $60
Positive Monthly Cash Flow: $575/month!!!
Cash on Cash Return: 11.72%
Plus instant equity!
This home has been partially renovated by the bank, and now will get Discount Property Warehouse Platinum Construction Package finishing touches! Three bedrooms and one baths inside feature all new vinyl siding on the exterior, plus new central heat and air. What an adorable investment property!
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.