USA Property Offers
1529 Eason Avenue, Memphis, TN 38116
Purchase Price: $54,900
Property Status: Needs Repairs (included in purchase price)
Estimated Rent: $825 per month
1529 Eason Avenue, Memphis, TN 38116
Purchase Price: $54,900
Property Status: Needs Repairs (included in purchase price)
TAX APPRAISAL: $84,000
Closing Costs: $1k (estimated)
Total Monthly Debt Service:
Estimated Rent: $825 per month
City/County Taxes: $126 (based on 2009 values)
Insurance: $50
Less Management (8%): $66
Positive Monthly Cash Flow: $583/month
Does NOT Account For:
Maintenance (8%): $66
Vacancy (8%): $66
Total Net Positive Less Vacancy and Maintenance: $451/month (Assumes Cash Purchase)
Plus instant equity!
This 3 bedroom home has one and one half baths and is on a wooded lot. Has a low maintenance brick exterior and features central heat and air and one-car attached carport.
In the Whitehaven area of Memphis, this home is easily accessible to all areas of Memphis including downtown, the airport, and east and southeast Memphis. On a quiet street in a desirable rental neighborh, this property is sure to attract a great tenant.
Investor Fundamentals:
Property taxes are based on $84,000 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.
If you would like to reserve this property please get in touch with the team:
T: +44 (0)845 026 1067 or email us enquiries@wholeworldofproperty.com