This fully renovated 3 bed 1 bath house is coming soon! This home is a perfect investment property as it may garner over 14% return. The builder is offering a 12 month warranty to cover any repairs that may pop up in the first year of ownership. They are also covering the tenant placement fee so when you close you can jump right into your turn key rental property! This property is close to amenities, schools, and the local large employers.
investment analysis for 4566 Range line Rd, Memphis TN 38127:
| Down Payment (20%) |
$26,000 |
| Monthly Mortgage Payment |
$657.72 |
| Property Management Fee (8%) |
$104 |
| Monthly Maintenance (5%) |
$65 |
| Total Monthly Operating Expenses |
$328.25 |
| Total Monthly Expenses |
$985.97 |
| Monthly Cash Flow |
$314.03 |
| Annual Cash Flow |
$3,768.36 |
* 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.
Call us today to book a walk through on your next investment 901-808-8448!!
