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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. it 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%

* This is only a projection. Each investor must do their own due diligence with their own funding sources. We use the standard 20% down payment conventional loan. Interest rates fluctuate and terms differ from lender to lender, so we recommend working with your own professionals to get more accurate numbers based on your investment lending sources.

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