• Address: 6633 May Springs Dr, Memphis, TN 38141 (map)
• Date Posted: 11/05/09
• Bedrooms: 3
• Bathrooms: 2
• Size (sq ft): 1326
• Year Built: 1996

This is a must have. We present a gorgeous 3BR 2Bath brick home in the cash flow-heavy Bennington Forest subdivision of Southeast Memphis. This home presents the rare opportunity to own an investment home that has the sturdy structure of brick, excellent curb appeal, a standard 3/2 floor plan, and the added advantage of huge cash flow due to no city taxes. There is also central heat & air, a 2 car garage, a living room with a vaulted ceiling and a fireplace, an eat in kitchen, close proximity to the interstate and all the local schools, a high rent range, and plenty more. This is the type of property you tell your friends about to make them jealous of your investing prowess. The rent range on this property is $950-$1050 a month. The Bennington Forest subdivision couldn’t be situated in a better place! Talk about convenience! There is just too much to name nearby: Walmart, Target, Kroger, Schnucks, Big Lots, The Home Depot, Sears and more, The Memphis International Airport as well as the Fed Ex ‘Super Hub’ –which both employ thousands - are just a short drive away. There are plenty or restaurants, schools, churches and medical centers nearby. Easy interstate access adds just another check to the list of everything this area has to offer! 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: $ 73,700 *Appraised Value: $ 110,000 *Annual Taxes: $ 1,212 *Renovation Estimate: $5,262 *Rent Range: $950-1050 *Gross Monthly Cash Flow: $308-328 *Net Monthly Cash Flow: $145-165 *Cash on Cash Return: 27% Buy this home with renovation, closing, and financing costs included for only $7,012 out of pocket!

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