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)
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
*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.
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