The momentum right now is unreal. Crews are hitting the ground running, things are moving fast, and the schedule is packed. Literally, within a 48-hour window, we bought a property, sold another, and just picked up another one right after. When you build the right systems and the right team, the velocity of these deals really starts to compound.
Spencer Shadrach just wrapped up a session at the attorney’s office finalizing a refinance on a great property over in Memphis, and the numbers on this one highlight exactly why this strategy works so well.
If you want to see exactly how a deal comes together from purchase to cash flow, here is the full breakdown of Misty Crest Cove.
The Property & The Numbers
- Location: Misty Crest Cove, Memphis, TN 38141
- Purchase Price: $140,000
- Refinance Loan Amount: $156,000
- Terms: 30-year mortgage at 6.8%
Instead of leaving capital tied up in the property, Spencer Shadrach executed a clean refinance today at $156,000. This allowed us to successfully pay back our private lender's money while restructuring the asset into a long-term, stable 30-year mortgage. Based on the current market value, the property has a solid appraisal foundation, putting the estimated value right around $210,000.
The Bottom Line: $923/Month Net Cash Flow
A deal is only as good as its performance. Before even sitting down at the closing table to finalize the paperwork, we already had this property rented out and leased.
Because the acquisition costs were right and the fixed-rate debt is locked in at 6.8%, the property is generating a massive $923 per month in net cash flow after accounting for all expenses (mortgage, taxes, insurance, and reserves).
Buy. Owner Finance. Refi. Repeat.
This is the blueprint. By focusing on deep-value additions and utilizing smart financing strategies—whether that means holding for long-term cash flow or utilizing owner financing to help local buyers—the goal remains the same: create win-win scenarios, protect lender capital, and keep the momentum moving forward.
We have more inventory hitting the pipeline and a few more houses we need to sell before moving directly onto the next acquisition.
Want to work with us?
Whether you are looking to sell a house fast, are interested in our available inventory, or want to learn more about how we structure these cash-flowing deals in Memphis, we would love to connect with you.
📞 Call us today: (901) 979-9848
🌐 Visit the website: SpencerBuysHouses.com