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About this video:
Inexpensive and great cash flow are two attributes that make investment properties attractive to potential investors. Well, this property has both and much more. A 3BR 2Bath, brick home in an extremely strong rental area, this home features: a two car garage, a living room that opens into a formal dining room, a den with a fireplace, ceramic tile in the kitchen, central heat & air, a fenced backyard, a corner lot, excellent location across the street from a massive Church of God in Christ (COGIC) Temple that has a massive congregation, a separate laundry room, and outstanding curb appeal. (more)
Furthermore, both Wooddale High School and Junior High School are both within 1 mile, which opens up the rental pool to even more potential tenants. Of course, if all of those amenities weren't enough, this house also produces around $165 a month, a 13% cash on cash return, and was tax assessed at $96,300, which shows what the value should be when the market bounces back. Financing Available! We can lend purchase + repairs, and we have long term financing partner to pay off short term. Possible to buy this home with little to no money down! (Disclosure: Appraised values reflect the date of this posting. Due to continually changing market conditions, appraised values may change slightly based on the time of refinance, changing market conditions, and/or the individual appraiser performing the analysis.) *This property comes with a 6 month rental guarantee. *There is a 6 months free maintainence guarantee. Cash on Cash Return: 13% Appraised Value: $75000 Rent Range: $825-$925 Gross Monthly Cash Flow: $242 +/- Net Monthly Cash Flow: $145 +/- Renovation Estimate: $11,999.78 Annual Taxes: $1,740(less)
Inexpensive and great cash flow are two attributes that make investment properties attractive to potential investors. Well, this property has both and much more. A 3BR 2Bath, brick home in an extremely strong rental area, this home features: a two car garage, a living room that opens into a formal dining room, a den with a fireplace, ceramic tile in the kitchen, central heat & air, a fenced backyard, a corner lot, excellent location across the street from a massive Church of God in Christ (COGIC) Temple that has a massive congregation, a separate laundry room, and outstanding curb appeal. (more)
Furthermore, both Wooddale High School and Junior High School are both within 1 mile, which opens up the rental pool to even more potential tenants. Of course, if all of those amenities weren't enough, this house also produces around $165 a month, a 13% cash on cash return, and was tax assessed at $96,300, which shows what the value should be when the market bounces back. Financing Available! We can lend purchase + repairs, and we have long term financing partner to pay off short term. Possible to buy this home with little to no money down! (Disclosure: Appraised values reflect the date of this posting. Due to continually changing market conditions, appraised values may change slightly based on the time of refinance, changing market conditions, and/or the individual appraiser performing the analysis.) *This property comes with a 6 month rental guarantee. *There is a 6 months free maintainence guarantee. Cash on Cash Return: 13% Appraised Value: $75000 Rent Range: $825-$925 Gross Monthly Cash Flow: $242 +/- Net Monthly Cash Flow: $145 +/- Renovation Estimate: $11,999.78 Annual Taxes: $1,740(less)
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Investor Nation Business Owner Memphis, TN |
6 Month Rental Guarantee, 6 Month Maintenance Free!
5149 Flanders, Memphis, TN 38118
Memphis, TN
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Tags: Memphis Investment Home cash flow turn key 3 bedrooms 2 bathrooms renovated rental investment memphis money cash
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