Description
hard money or owner financing available
$396.21 cash flow, $42k equity, @ .51 cents on $
Video coming soon to www.youtube.com/jdsproperties1
5335 Newberry Memphis TN 38115. is a very nice looking, very easy to rent and show, 3 bedroom 2 bath in the Fox Meadows area of Memphis. Its 1790sqft and was built in 1972. Newberry has a retail value of $96,000.00 but you can get it at wholesale, as is for only $49,000.00 or $60k rehabbed. Needs about 11k in rehab and we can do the rehab for you if you like.
We have a rent range of $900-1100 on this property, but expect to lease it for $975/mth very quickly. We estimate your loan amount to be $578.79 PITI (loan amount of 54k) so with the expected $975/mth rent you will have fantastic positive monthly cash flow of $396.21/mth and about $42k in equity.
Please call John Skaggs @ (901) 212-7246 for pics or more info
http://www.jdspropertiesmemphis.com
http://www.myspace.com/jdsproperties
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