TITLE:
Fully Renovated SFR Memphis TN
CONTROL:
Owner
VALUE:
$160,000
LOAN:
$47,000
EQUITY:
$113,000
TYPE:
Homes/Condos
HAVE:
Fully renovated Memphis TN SFR. New roof. New Kitchen. New bathroom addition. New Laundry addition. Refinished flooring. New paint inside and out. New LED lighting.
ADDRESS:
3766 Argonne St, Memphis, Tennessee
BENEFITS TO NEW OWNER:
High cash flow, fully renovated home in much improved area. Property management available. Path to cash.
GROSS SCHEDULED INCOME:
$21,372 Projected
VACANCY LOSS:
$1,000
GROSS EFFECTIVE INCOME:
$20,372
EXPENSES:
$4,500
NOI:
$15,872
DEBT SERVICE:
$3,188
CASH FLOW:
$12,684
CAP RATE:
9.92%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$48,000
$266
4%
03/31/2049
Yes
BENEFITS SOUGHT:
Cash out to pay off personal debt. Or High growth cashflow opportunity using signature and this as down payment.
CAN ADD:
Could leave 4.25% interest rate in place for arbitrage. Or can make it Free & Clear.
REMARKS:
Great cashflow potential for this equity. Path to cash as rates come down - would qualify for FHA buyers.
COUNSELOR:
Chris Watkins
Equity Real Estate - Advisors
Elk Ridge, Utah, 84651
Cell: 8014777650
