BiggerPockets

Description:

Purchase Price: $34,900
AFTER REPAIR VALUE: 50k – 55k(see appraisal included)
Work Needed: $3000 Closing Costs: $1k
Total Investment: $39,000

Total Monthly Debt Service – Cash Model

Rent: $700(Estimated Median)
City/County Taxes: $78/month
Insurance: $50/month
Less Management(8%): $56
Positive Monthly Cash Flow: $516/month

Conservative Investors MAY Want To Add:

Less Maintenance: $35
Less Vacancy:$35

Total Net Positive Less Vacancy and Maintenance: $446.00/month

Plus 11k – 15k true instant equity

Don’t miss this opportunity to own an incredible investment house at half of neighborhood values! This property in the East Memphis/Cherry neighborhood is an excellentinvestment opportunity and won’t last. If YOU are approved with Dave Bednar for a permanent loan, you can get this investment home for NO MONEY DOWN. All you have to do is furnish $1000 earnest money.

Call me at (901) 258 – 6944 for more information and to arrange the purchase of this investment property.