Turnkey investment opportunity with tenant in place paying $950/month ($11,400 annually), providing immediate cash flow. Estimated monthly cash flow of $162.43 with a projected 6.01% cash-on-cash return. Professionally managed 3BR/1BA home featuring a functional layout, cozy living spaces, well-maintained interior, and comfortable bedrooms. Located in a serene Memphis setting near schools, parks, and everyday amenities, supporting consistent tenant demand and long-term rental stability. Professionally managed. No wholesalers, assignments, or creative financing! DO NOT APPROACH OR DISTURB TENANTS. No showings without an accepted offer. Financials available upon request. Leased through 3/3/2027 at $950/month.
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Keith Daniel
Agent Phone: (901) 461-4739
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 261.16 per month $230.90 Principal & Interest $0.00 Property Tax (data not provided by mls) $30.26 Homeowner's Insurance
760 Margie Dr | MLS# 10217995
This single family home located at 760 Margie Dr, Memphis, TN 38127 is currently listed for sale with an asking price of $103,750. This property was built in 1972 and has 3 bedrooms and 1 full baths. Margie Dr is located in the NORTHAVEN BLK C subdivision. Search NORTHAVEN BLK C real estate on keithdaniel.crye-leike.com today.