Passiveincome! Positive Cash flow! @ 3daybid.com

 

Auction ENDS: May27, 2008

Property is located in  Memphis , TN 38112

 

Currently Rented for $995 per month

Appraised Value: $120,000

Equity: $12,000

Taxes: $1,928

Insurance: $700 - $800

Closing Cost Credit: $300

Warranty Plan Credit: $300

Warranty Deed

Package Deal Available

PropertyDescription:

 

4Bedroom/3 bath

Greatrental area, home is currently rented on a 2 year lease with 1st year at $995and 2 year at $1045. Property has been completely renovated in Summer of 2007

 

Passive income! Positive Cash flow!
All Cash Offers Only.
$300.00 Credit towards Closing costs
$2000.00 Non Refundable Deposit applied to purchase price.
$300.00 Credit to Buyer for Home Warranty Plan

All deposits with overnight Cashier's Check
All closings with bona fide Attorney and title company (2 weeks)

Management Fee - 10% monthly

 

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Tags: Investment Property