VA/FHA Approved home! Seller offering rate buy down on DSCR loans for this property and a 1 year everything warranty also 4 bed, 2 bath brick home in Memphis fully renovated, this property is generating income from day one. No rehab costs, no holding costs while you wait on repairs, just collect the rent checks from the property manager! This home is rented at $1195 on an annual Section 8 lease putting your potential gross yield in the 10-12% range at asking price. (do your own due diligence) Solid numbers for a single-family buy and hold. The brick construction means low exterior maintenance and durability that newer vinyl sided homes can't match. Updates are already done, so your capital goes toward acquiring the asset, not fixing it. Memphis continues to attract investors with its low entry prices, strong rental demand, and landlord-friendly Tennessee laws like no rent control, straightforward eviction process, and no state income tax.
45 days
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117
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12
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Zillow last checked:
Listing updated:
Listed by:
Alissa G Anderson,
KAIZEN Realty, LLC901-221-4041
Source: MAAR,MLS#: 10224807
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Primary bedroom
Area: 120
Dimensions: 10 x 12
Dining room
Area: 100
Dimensions: 10 x 10
Kitchen
Features: Eat-in Kitchen
Living room
Area: 144
Dimensions: 12 x 12
Den
Width: 0
Heating
Wall Furnace
Cooling
None
Features
All Bedrooms Down, 1 or More BR Down, Full Bath Down, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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