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Street View of 942 Doris Ave, Memphis, TN 38106

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This property is offered by the third party who posted it, not by CoreLend. CoreLend Financial is a lender; we do not represent any party to this sale and receive no commission on it. Listing details come from the poster and are not verified by CoreLend. Estimated figures, including any value or spread estimate, are projections rather than guarantees and exclude closing, holding and selling costs. CoreLend Financial lends only for business purposes, on non-owner-occupied investment property, to investors and business entities. We do not offer consumer loans and do not finance owner-occupied homes. Financing is subject to underwriting and approval; nothing here is a commitment to lend, and buying any property listed here is not conditioned on financing it through CoreLend. CoreLend Financial, NMLS #1818623. Equal Housing Lender.

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THE INFORMATION PROVIDED HEREIN IS NOT INTENDED TO REPLACE OR SERVE AS A SUBSTITUTE FOR ANY LEGAL, REAL ESTATE, TAX, OR OTHER PROFESSIONAL ADVICE, CONSULTATION OR SERVICE. THE PROSPECTIVE BUYER SHOULD CONSULT WITH A PROFESSIONAL IN THE RESPECTIVE LEGAL, TAX, ACCOUNTING, REAL ESTATE, OR OTHER PROFESSIONAL AREA BEFORE MAKING ANY DECISIONS OR ENTERING INTO ANY CONTRACTS PERTAINING TO THE PROPERTY OR PROPERTIES DESCRIBED HEREIN.

Fix & FlipMemphis

942 Doris Ave, Memphis, TN 38106

Asking$35,000
Seller ARV$108,000
Rehab$41,000

ARV and rehab figures are the seller's, as provided. CoreLend has not verified them.

Estimated spread (seller ARV less asking and rehab) $32,000

Details

1920-built 2 bed/1 bath single-family home in Memphis 38106, sold as-is, needing kitchen rebuild and drywall/paint work. Asking $35,000 with an estimated $41,000 rehab, all-in cost around $76,000 against a $108,000 ARV, and projected rent of $1,049/mo which clears the 1% rule.

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