Great Cash Flow Turnkey Property in Memphis, TN

[Kevin Lee]

Hi there, we have a great real estate investment opportunity for your consideration. Property is Turnkey, returning cash flow on Day 1. We are asking $69,500 for it. Total out of pocket expense for conventional financing is right around $17,000.

The property is on a corner lot with whopping 10,000 sqft. 38128 zip code is Raleigh, a hot neighborhood for Memphis Rentals. It's currently rented to stable Section 8 tenant for $752/mo. Renter takes great care of the property.

Below are the the financials and property details. ACT SOON before it's gone. Referral is appreciated and we'd be happy to pay $500 referral fee or a Free Amazon Echo for referral:

Financials:
Purchase Price $69,500.00
20% Down Payment $13,900.00
Estimated Closing Cost
(4% of Purchase Price) $2,780.00
Estimated Out of Pocket Cost $16,680.00

Loan (80% LTV) $55,600.00
Rate 5.125%*
Principal and Interest $3,632.82
Est. Yearly Insurance $750.00
Current Yearly Taxes $1,337.00
Property Management (8%) $721.92
Total Expenses $6,622.22

Annual Rent $9,024.00 ($752 x 12)
Estimated Monthly Cash Flow $2,582.26
ROI 15.5%**
* Rate as of 12/5/2017
** Estimate and may vary

Property Details:
3 Beds/2 Baths, 1421 sqft, 1990 Build
Central Heat and Air

Interested? Please reply to this email or call my cellphone directly @ 412-608-2690.

Want to use your IRA or 401k to invest? Contact Sense Financial to learn about self-directed Checkbook IRA and Solo 401k: (949) 228-9394 / [email protected].  Be sure to mention that you were referred by Kevin Lee to receive special 10% discount on their services.

Need a Lender? Ask Us for our Preferred Lender. We can get you set up!

Kevin Lee
Acquisition Manager
Memphis InsightfulREI
Office: (901) 610-0177
Cell: (412) 608-2690

Email: [email protected]
Website: www.memphisinsightfulrei.com / www.insightfulreibuyhouses.com

FB: https://www.facebook.com/memphisinsightfulrei/
P.S. Do You Need To SELL YOUR HOME Quickly? We buy houses in ANY CONDITION! We pay CASH and you will not pay any commissions, agents, or fees. Save thousands in “junk fees” and work with a bona-fide buyer directly!

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