$11,000Asking price
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SV DISPO
Dispo Manager
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ARV $98,000
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Looking for a buy-and-hold investor interested in acquiring a Memphis rental property with existing financing in place.
Location: Memphis, TN
Acquisition Strategy: Subject-To Existing Mortgage @ 4%IR
Estimated Market Rent: $1,050–$1,100/month
Potential Monthly Spread: $555–$605 before operating expenses
Estimated Light Renovations: $0-$3,000
Exit Strategy: Long-Term Rental / Buy & Hold/Wrap
Why This Deal?
Acquire without obtaining a new mortgage.
Take advantage of an existing low monthly mortgage payment.
Strong potential for positive monthly cash flow.
Low outstanding loan balance.
Walk into approx $30k equity
Opportunity to build equity while tenants pay down the existing mortgage.
Ideal for a creative-finance investor looking to add another cash-flowing rental to their portfolio.
Serious buyers only. Message me for the full breakdown, property details, and acquisition terms.
Figures from the seller unless a line says otherwise. Verify before you close.
2 bd · 1 ba · 975 sqft
MEMPHIS, TN 38127
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