Off Market Deal In Memphis, TN. $7,500

[Jason Hopkins]

Hello,

Please let me know if you are interested in this deal.

Thanks

4743 Twelfth Dr. Memphis, TN. 38109

3 bedrooms 1 bath brick

1,074 sq ft

Built in 1951

Yearly taxes $808.08

Estimated repairs $10,500. HVAC, hot water tank, flooring, drywall repair, power wash outside of property, repair wood trim on outside of property, paint interior and exterior, clean yard, final clean, replace kitchen counter tops, change locks, hardware, inspect plumbing, gas, electrical and bring up to code, blinds, new sink, tub, vanity and toilet in bathroom,)

Cash asking price $7,500

Total Investment $17,500

ARV $40,000

Equity 56%

ROI 26.7% (based off rent at $650 per month)

Rent Rate For Area $650-$700

Click both links for detailed pictures

https://www.youtube.com/watch?v=7CSosEsNpUQ

https://drive.google.com/drive/folders/0B32N7BR1o7...

*Disclaimer and Terms*

This property is a off market wholesale deal that can be bought with cash only. I have the property under contract to purchase for cash and selling my position as the current buyer via a assignment agreement.