ASSUMABLE LOAN: Seller financing assumable upon lender approval 10 of 11 units upgraded, occupied, and cash flowing. Many major CapEx already done for the new owner (more in docs) Seller will pay 6 mo. of management fees if buyer retains current manager on 12 month agreement. 11th unit is LARGE 2 story unit in the southwest corner of the building. Unit needs work to occupy. Helpful docs in the docs page including cash flows, rent roll, CapEx, etc. Showing occupied units with accepted offer.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$7,803
Per Month
Principal & Interest
$7,736
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,713
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
High School
1
/10
Memphis Virtual School
3772 Jackson Ave
Distance between this listing and this school4.95 miles
Public District Grades 6-12
Nearby Schools
4
/10
Bruce Elementary School
581 S Bellevue Blvd
Distance between this listing and this school1.00 miles
Public District Grades PK-5
8
/10
Idlewild Elementary School
1950 Linden Ave
Distance between this listing and this school1.02 miles
Public Magnet Grades KG-5
3
/10
Klondike Preparatory Academy
1750 Vollintine Ave
Distance between this listing and this school1.62 miles
Public Charter Grades KG-2
Nearby Schools
5
/10
Bellevue Middle School
575 S Bellevue Blvd
Distance between this listing and this school0.99 miles
Public Magnet Grades 6-8
3
/10
Snowden School
1870 North Pw
Distance between this listing and this school1.08 miles
Public Magnet Grades PK-8
5
/10
City University School Girls Preparatory
665 Madison Ave
Distance between this listing and this school1.57 miles
Public Charter Grades 6-8
Assigned Schools
1
/10
Memphis Virtual School
3772 Jackson Ave
Distance between this listing and this school4.95 miles
Public District Grades 6-12
Nearby Schools
4
/10
Central High School
306 S Bellevue Blvd
Distance between this listing and this school0.76 miles
Public Magnet Grades 9-12
4
/10
Memphis Academy of Science Engineering Middle/Hig
20 Dudley St
Distance between this listing and this school1.04 miles
The neighbors living near this home have an average income of $38,068. Typical income of Memphis, TN residents is less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.
This home is located at 147 Stonewall St in Memphis, TN and zip code 38104 in the Midtown neighborhood. This home was built in 1963. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $1,550,000.
Over 75 listings were sold over their listed price in April 2024 in Memphis, TN. In the same period over 272 listings were sold below the listed price and 122 listings were sold for the listed price. In April 2024 in Memphis, TN there were 13.1% more homes for sale than in March 2024.
From Rocket Homes Real Estate and based on county public records data.