Description

Two Inexpensive Cash Flow Properties in Memphis, TN


Property Specifications 

3101 Madeline Cir. Memphis, TN 38127
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3 Beds/1 Bath
912 SqFt
Taxes $408
Built in 1954
Vacant access is by lockbox email/text for code


Quick thought
Perfect Brrr home.  Similar homes in this neighborhood sell for 60-66k.  This leaves plenty of room to cash out refinance after you buy, rehab and rent.  Rehab list will include, replacing some windows, paint, appliances, bathroom, kitchen, pressure wash outside.

Numbers
Cash Price: $24,500 OBO
Repairs ~20k  
$700/mo Rent
Make me an offer.




Property Specifications 
4403 Ryan St Memphis, TN 38127
(Click Image for Video Walk-through)
Click Here for pictures
3 Beds/1 Bath
850 SqFt
Taxes $319
Built in 1960
Vacant access is by lockbox email/text for code


Quick thought
Perfect inexpensive home requiring minimal repairs to get rent ready.  Simply add appliances, replace front and side door, clean, paint, replace flooring in kitchen.  This property will provide strong cash flow.
Numbers
Cash Price: $19,500 OBO
Repairs ~10k  
$675/mo Rent
Make me an offer.
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Property Details

Property Status Expired
Price $20,000
Estimated Repairs $10,000
Estimated Equity $0
Square Footage 850
Sq Footage Source
Estimated ARV $30,000
Estimated Equity $0
Bedrooms 3
Bathrooms 1
Year Built 1960
Publish Date May 12th, 2017

Seller Information

KEN Reed

Member since December 2015


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Seller assumes all responsibility for the content of this listing.