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House #5

Memphis, TN

Neighborhood Type: ?

House #5

Memphis, TN

Neighborhood Type: B-

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This was my fifth investment property. This property rented, but needed and still needs work. I have done most all the work on the exterior of the home. I also added AC to the interior. The original tenants have stayed in the home. When they leave, down the road, I will be rehabbing the interior. This was my second purchase and rehab property & I bought this home cash. I originally put $88,000. Six months after I purchased this home, I went to the bank and financed out $85,500.

HOME:

3 Bed/2 Bath 1432 Square Feet

PURCHASED:

$72,000

REHAB:

$16,000

CURRENT VALUE:

$153,000

HOME:

3 Bed/2 Bath 1432 Square Feet

PURCHASED:

$72,000

REHAB:

$16,000

CURRENT VALUE:

$153,000

MONTHLY CASH FLOW:

$167

MONTHLY CASH FLOW:

$167

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