• Address: 7755 Roxshire Cove, Memphis, TN 38125 (map)
• Date Posted: 11/05/09
• Bedrooms: 3
• Bathrooms: 2
• Size (sq ft): 1711
• Year Built: 1999

This one could sell on curb appeal alone, however it has just about everything a seasoned investor looks for in an ideal investment. This 3BR 2Bath, brick home includes a 2 car garage, central heat & air, a dining room, all bedrooms on the 1st floor, a huge living room with a fireplace and a vaulted ceiling, a fenced in backyard, a storage shed in the backyard, a tiled kitchen floor, a bonus room (could be a 4th bedroom), an breakfast nook, and much more. The rent range on this property is $1150-$1250 a month. This home is located in a fantastic area. The Memphis International Airport and Fed Ex ‘Super’ Hub, which both employ thousands, are just a short drive away. There are many grocery stores, a hospital and easy interstate access close by. There are schools and churches in this area, as well as plenty of shops and restaurants. Don’t let this one fall into someone else’s hands. Financing Available! We can lend purchase + repairs, and we have long term financing partner to pay off short term. Possible to buy this home with little to no money down! Disclosure: Appraised values reflect the date of this posting. Due to continually changing market conditions, appraised values may change slightly based on the time of refinance, changing market conditions, and/or the individual appraiser performing the analysis. *Purchase Price: $78,700 *Appraised Value: $120,000 *Annual Taxes: $1,128 *Renovation Estimate: $7,974 *Rent Range: $1,100-1,200 *Gross Monthly Cash Flow: $403-423 *Net Monthly Cash Flow: $207-227 *Cash on Cash Return: 31% Buy this home with renovation, closing, and financing costs included for only $8,300 out of pocket!

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