This is an EXCEPTIONAL DELAYED REFINANCE property that screams double-digit returns!
You buy CASH.
You refinance at ARV.
Located in a wonderful neighborhood in Memphis, this 3 bedroom, 1 bath single family residence has amazing potential. With 1,206 square feet, this property is located in an owner-occupant neighborhood in an area of Tennessee that is undergoing tremendous growth. With city plans to revitalize, build a new park and indulge in a new recreation center.
Buy property at $91,000 (ALL-IN, property and rehab) then refinance it at $105,000! A complete win!
*Property is pre-rehabbed and must be purchased in CASH! Rehab will begin immediately upon purchase and is scheduled to take 2-3 weeks. Refinance will be done immediately after taking ownership.
*We will introduce you to rehab team and property management team.
Cash Price: $91,000 ALL IN | Loan on 75% of ARV ($105,000) = $78,750 |
TOTAL ALL IN: $12,250 Annual Income: $11,400 | ROI: INFINITE