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2012 Swift Street, Memphis, TN 38109 For Sale

  • $20,000
  • 2 beds
  • 1 baths
  • 648 sqft

This house in Memphis offers a fantastic investment opportunity. Purchased for just $20,000 with a 7% mortgage interest rate, this property is projected to generate a robust cash-on-cash return. With an additional $45,000 invested in renovations, the property boasts an After Repair Value (ARV) of $84,000.

Property Financial Highlights:

  • Purchase Price: $20,000
  • Renovation Cost: $45,000
  • ARV (After Repair Value): $84,000
  • Monthly Market Rent: $800
  • Annual Taxes: $393
  • Annual Insurance: $1,000
  • Property Management Fee: 8% of monthly rent

Financial Breakdown:

  • Monthly Mortgage Payment: $106.45 (calculated based on a 30-year term at 7% interest)
  • Monthly Expenses: $286.53 (includes mortgage payment, property management fee, taxes, and insurance)
  • Monthly Cash Flow: $513.47
  • Annual Cash Flow: $6,161.62
  • Total Cash Investment: $49,400 (includes down payment, closing costs, and renovation)
  • Cash on Cash Return: 12.47%

Investing in this property promises a significant return and offers the potential for appreciation and depreciation benefits, making it an excellent addition to your investment portfolio.

To schedule a tour of the property or to get more information, call us at 901-808-8448

You may also send us an email at sales@usadiscountproperties.com

Price:
$20,000
Address:
2012 Swift St
Memphis, TN 38109
Square Feet:
648
Lot Size:
5140
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1948

Call 𝟵𝟬𝟭-𝟴𝟬𝟴-𝟴𝟰𝟰𝟴 for more details

Property Location