USA Property Offers
Three bedroom Home, Lone Rock, Memphis
Only $35,000
Finance available
Rented to a Section 8 tenant at $625 per month
3 bedroom Home, Lone Rock, Memphis
Only $35,000
Finance available
3 bedrooms
Rented to a Section 8 tenant at $625 per month
Appraisal: $54,400
Work Needed: $0
Closing Costs: $1k(estimated)
Total Monthly Debt Service(Assumes Cash Purchase)
Rent: $625(Currently occupied on Section 8 )
City/County Taxes: $82/month(based on 2009 values)
Insurance: $50/month
Less Management:(8%): $56
Positive Monthly Cash Flow: $507/month
Does NOT Account For:
Maintenance(10%): $69.50
Vacancy(10%):$69.50
Total Net Positive Less Vacancy and Maintenance: $368.00/month
Financing, property management, insurance, home inspectors, and contractors are available upon request. This property is located in a strong rental neighborhood which features a combination of homeowners and renters, and reflects true pride of ownership. This is a perfect starter investment, both for inexperienced investors and also those looking to get their feet wet in the Memphis real estate market with minimal risk.
Tax Assessment CAN be contested to increase positive cash flow.
Awesome investment home in an incredible neighborhood.What an opportunity!!!
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