404 Stoneham Rd Memphis, TN 38109
PRICED AT $115,000
Listing Details
- $115,000
- MLS# 10200407
- Type Residential - Single Family
- Status Active
- 2 Bedrooms
- 1 full Bathrooms
- 0.300 acres Lot Size
- 1960 Year Built
Description
Turnkey investment opportunity with tenant in place paying $1,050/month through 2/28/2027, generating $12,600 in annual gross rental income. Estimated monthly cash flow of $156.83 with a projected 5.50% cash-on-cash return. Professionally managed asset offering immediate income and long-term rental potential. Tenant-occupied 3-bedroom, 1-bath home featuring LVP flooring in the kitchen, tile flooring in the bathroom, updated lighting fixtures and hardware, refreshed kitchen cabinetry, and a new vent hood. Spacious living area along with large front and back yards add to the property's rental appeal. No wholesalers, assignments, or creative...read more
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