🏡 MEMPHIS, TN 38116 | FIX N FLIP OR HOLD | STARTING AT 80K 🔨

Shelby County, Memphis, TN, 38116
Sold
Listed at: August 15th, 2024
Price
$80,000
ARV
$190,000
Gross Margin
$110,000
Sq. Footage
1788
Type
Single-Family
Parking
Attached Garage
Year build
1946
Lot size
0.46 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

🔥HOT INVESTMENT OPPORTUNITY! 🔥

 

  🔨 Fix & Flip or Hold 🏡  Starting at 80k!!💲

 

💪 YOU CAN CLICK THE 🙌 WIN IT NOW BUTTON AND AVOID ALL THE BIDDING WARS 🔐 

🔨 Incredible investment opportunity! 4-bed, 2-bath, 1,788 sqft home, built in 1946, is perfect for the savvy fix-and-flip or fix-and-hold investor. With long-term rental rates of $1,500 per month, this single-family residence offers excellent cash flow potential. A projected 10% ROI gives you a budget of $148k for purchase, rehab, and closing costs in the first year. Don’t miss out on this profitable deal! 🏡

 

☑️ PROPERTY DETAILS

🔥 Fix and Flip or Hold in HOT MARKET

Status: Vacant

🔧 Rental Grade or Rehab: 50k

💰 ARV: 190,000

💵 Purchase: 80k

🛠️ Rehab: 50k

📝 Closing costs: 5k (both sides)

💼 Agent Fees: 12k

⏳ Holding Costs: 8k

💰 Gross Net: 35k

🏠 Rent Zestimate: $1,500 rentdata  

💳 Taxes Year 1: 252/annual - 21/mo. 

🛡️ Insurace: 100/mo

Reserves: 150/mo.

💵 Cash flow: 1,229/mo.

📈 Year 1 ROI: 10% Rent

🏠 Delivered Vacant

 

 

CALL OR TEXT SOLOMONE JR NOW 
(785) 424-5948


🤝 LIVE 2 GIVE DEALS 🤝

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Jr Ngata

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