🏡 MEMPHIS, TN 38116 | FIX N FLIP OR HOLD | STARTING AT 25K 🔨

Shelby County, Memphis, TN, 38106
Sold
Listed at: August 22nd, 2024
Price
$25,000
ARV
$100,000
Gross Margin
$75,000
Sq. Footage
960
Type
Single-Family
Parking
Driveway
Year build
1958
Lot size
0.07 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

🔥HOT INVESTMENT OPPORTUNITY! 🔥

 

  🔨 Fix & Flip or Hold 🏡  Starting at 25k!!💲

 

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

🔨 Incredible investment opportunity! 2-bed, 1-bath, 960 sqft home, built in 1958, is perfect for the savvy fix-and-flip or fix-and-hold investor. With long-term rental rates of $850 per month, this single-family residence offers excellent cash flow potential. A projected 10% ROI gives you a budget of $70k 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

🔧 Rental Grade or Rehab: 50k

💰 ARV: 100,000

💵 Purchase: 25k

🛠️ Rehab: 25k

📝 Closing costs: 3k (both sides)

💼 Agent Fees: 7k

⏳ Holding Costs: 5k

💰 Gross Net: 35k

🏠 Rent Zestimate: $850 rentdata  

💳 Taxes Year 1: 289/annual - 24/mo. 

🛡️ Insurace: 80/mo

Reserves: 100/mo.

💵 Cash flow: 646/mo.

📈 Year 1 ROI: 15% 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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