Property Offered at: 62,900 - Will Not Last

829 Dolan Road, Memphis, TN 38116

Purchase Price: $62,900
Property Status: Repairs Needed, Included in Price

TAX APPRAISAL: $62,600

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $$795 – $875

City/County Taxes*: $133/month (based on 2012 values)
Insurance: $45
Less Management (10%): $85/month

Positive Monthly Cash Flow: $659.89

Plus instant equity!

This home in Whitehaven offers an incredible great room, and hardwood floors throughout.  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 $62,600 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: