About This Home
This 4-bedroom, 2-bathroom single family at 194 E BISCAYNE Rd in Memphis, TN is listed for $130,000 ($112 per sqft). Built in 1956, the home offers 1,165 sqft of living space on a 0.32 acres lot.
Key Features
- Built in 1956
- 0.32 acre lot
Property Details
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.
Monthly Cost Estimate
$695/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
194 E BISCAYNE Rd
Memphis, TN 38109
BARTON HEIGHTS 1ST ADDN
Features & Amenities
Exterior Features
Property Details
Flooring
Pool Features
Parking
Heating
Cooling
Questions & Answers
This 4-bedroom, 2-bathroom single family at 194 E BISCAYNE Rd is listed at $130,000 ($112/sqft). The estimated monthly payment is $695 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1956, 0.32 acre lot. Exterior Features: Porch.
This property is listed by Alissa Anderson and can be reached at 9018088448.
