Updated about 8 years ago on .
>> Solid Cash Flow Rental Property Only $79,000 <<
3870 Capricorn Cv, Memphis, TN 38128
Hi there, we have a great real estate investment opportunity for your consideration. Property is Turneky, returning cash flow on Day 1. We are asking $74,900 for it. Total out of pocket expense for conventional financing is right around $18,000.
The property is located in a Class B neighborhood. It's right by Nike Company Store, Allen Rd Park, and Memphis Policy Department (Super Safe!). Everything is new! It's rehabbed inside out. No maintenance or repair needed. It's currently rented to Section 8 tenant at $824/mo for 2 years. Owner takes great care of the property.
Below are the the financials and property details. ACT SOON before it's gone. We will provide first year Home Warranty for FREE. Referral is appreciated and we'd be happy to pay $500 referral fee or a Free Amazon Echo for referral:
Financials:
Purchase Price $74,900.00
20% Down Payment $14,980.00
Estimated Closing Cost
(4% of Purchase Price) $2,996.00
Estimated Out of Pocket Cost $17,976.00
Loan (80% LTV) $59,920.00
Rate 5.125%*
Principal and Interest $3,915.08
Est. Yearly Insurance $650.00
Current Year Taxes $897.00
Property Management (10%) $988.80
Total Expenses $6,450.88
Annual Rent $9,888.00 ($824 x 12)
Estimated Monthly Cash Flow $3,437.12
ROI 19.12%**
* Rate as of 8/16/2017
** Estimate and may vary
Property Details:
3 Beds/2 Baths, 1062 sqft, 1989 Build
Central Heat and Air
Interested? Please email me for details @ [email protected]