Property Offered at: -

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1176 Wells Station Memphis, Tennessee 38122

Purchase Price: $44,900
Property Status: Needs repairs – included in price.

TAX APPRAISAL: $69,800

Closing Costs: $1k (estimated)

Total Monthly Debt Service (Assumes Cash Purchase)

Rent Range: $750 – $795

City/County Taxes: $104 (based on 2010 values)
Insurance: $40
Less Management (9%): $67.50
Positive Monthly Cash Flow: $538.50/month!!!

Does NOT Account For:

Maintenance (10%): $75
Vacancy(10%): $75

Total Net Positive Less Vacancy and Maintenance: $388.50/month

Plus instant equity!

Robert Feol’s favorite neighborhood to own rental property in Memphis,.  This three bedroom, 1 bath brick home with a 2 car carport on a corner lot exudes value and positive performance over the length of time for ANY investor.  Complete with all repairs included, central heat and air, decorative knotty pine, a huge kitchen, and detached workshop, this is the next property YOU need to purchase!

This property qualifies for Robert Feol’s Short Term Retirement Program – a simple, non qualifying permanent lending program where you bring 30% – 50% of the purchase price as a down payment, and we will finance the rest over a 5 year period. All Short Term Retirement loans feature a fixed rate and full amortization, meaning after 5 years you own your investment home free and clear, without any lien on it.

You can also purchase using private hard money and refinance as well, minimizing your cash out of pocket.

Financing (short and long term), property management, insurance, home inspectors, and contractors are available upon request.

3 bedroom 1 bath brick investment home near Wells Station School, that will pay you month after month. What are you waiting for?

Investor Fundamentals:

Property taxes are based on $69,800 assessed value, which can be contested to increase cash flow. Square footage is based on Shelby County Tax Assessor’s information.

We recommend contesting the assessment value to halve your annual tax payments.

Property Details:

Finacial Details: