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House #7

Memphis, TN

Neighborhood Type: B-

House #7

Memphis, TN

Neighborhood Type: B-

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This was my seventh investment property. This property was rented, but would have needed bunch of work in the future. I bought it as part of my 3 property in 1 sale deal. I held on to it for 1 year. It was in a neighborhood that I was not excited about. When the time came, I sold it.

HOME:

3 Bed/1 Bath 1536 Square Feet

PURCHASED:

$30,000

REHAB:

$2,200

CURRENT VALUE:

$50,000 (SOLD)

HOME:

3 Bed/1 Bath 1536 Square Feet

PURCHASED:

$30,000

REHAB:

$2,200

CURRENT VALUE:

$50,000

PRIOR TO SALE MONTHLY CASH FLOW:

$321

MONTHLY CASH FLOW PRIOR TO SALE:

$321

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