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House #6

Memphis, TN

Neighborhood Type: B-

House #6

Memphis, TN

Neighborhood Type: B-

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This was my sixth investment property. This property was rented, but needed work. I have done most all the work on the exterior of the home except the landscaping. Roof, paint, minor demo, tree removal, and clean up. After 1 year the existing tenant moved out and that is when I did the interior work. I added AC, new kitchen cabinets, tiling, paint, front door cleaned the existing floor to the interior. This was my third purchase and rehab property & I bought this home cash. I originally put $76,000. 14 months after I purchased this home, I went to the bank and financed out $82,500.

HOME:

3 Bed/1 Bath 988 Square Feet

PURCHASED:

$38,000

REHAB:

$30,000

CURRENT VALUE:

$120,000

HOME:

3 Bed/1 Bath 988 Square Feet

PURCHASED:

$38,000

REHAB:

$30,000

CURRENT VALUE:

$120,000

MONTHLY CASH FLOW:

$182

MONTHLY CASH FLOW:

$182

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