3253 University St, Memphis TN 38127

$68,000

PROPERTY INFORMATION

Type

     Single Family House

Floor Area 

     744 sq ft.

Lot Area

     0.41 acres

Bedrooms

     2

Bathrooms

     1

Garage

     n/a

Year Built

     1950

Neighborhood

      Shelby Forest-Frayser

 

CASH REQUIRED

Down payment (20% of Purchase Price)

     $13,600.00

Closing Cost (3%)

     $2,040.00

Cash Needed

      $15,640

Optional

     $500 fee for 50 years roof warranty 

PROPERTY HIGHLIGHTS

  • Fully Renovated House

  • Buy with only 20% down payment

SAMPLE AMORTIZATION COMPUTATION

Purchase Price: $68,000

Down Payment: $13,600

Loan Amount: $54,400

Amortization Period: 30 Years

Loan Interest Rate: 5.00%

Monthly Mortgage: $292.03

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