4010 Summer Ave, Memphis TN 38122

$400,000

PROPERTY INFORMATION

Type

     Multi Family House

Floor Area 

     5,488 sq ft.

Lot Area

     16,464 sq ft.

Bedrooms

     3/unit

Bathrooms

     1/unit

Garage

     n/a

Year Built

     1960

Neighborhood

      Shelby Forest-Frayser

 

CASH REQUIRED

Down payment (20% of Purchase Price)

     $80,000.00

Closing Cost (3.23%)

     $12,920.00

Cash Needed

      $92,920

Optional

     $500 fee for 50 years roof warranty 

PROPERTY HIGHLIGHTS

  • Fully Renovated House

  • Buy with only 20% down payment

  • 6 Units/2 Stories

SAMPLE AMORTIZATION COMPUTATION

Purchase Price: $400,000

Down Payment: $80,000

Loan Amount: $320,000

Amortization Period: 30 Years

Loan Interest Rate: 5.00%

Monthly Mortgage: $1,717.83

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