2142 Ptarmigan Trail, Memphis, TN 38118 Purchase Price: $52900 Property Status: Needs Repairs (included in purchase price) TAX APPRAISAL: $81000 Closing Costs: $1k (estimated) Total Monthly Debt Service (Assumes Cash Purchase) Rent Range: $795 estimated City/County Taxes: $122 (based on 2009 values) Insurance: $50 Less Management (8%): $64 Positive Monthly Cash Flow: $559/month Does NOT Account For: Maintenance (10%): $79.50 Vacancy(10%): $79.50 Total Net Positive Less Vacancy and Maintenance: $400/month
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