About This Home

This 3-bedroom, 1-bathroom single family at 3920 SCHOOLFIELD Rd in Memphis, TN is listed for $99,000 ($69 per sqft). Built in 1972, the home offers 1,430 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1972
  • 0.18 acre lot

Property Details

1 story
1 full
1972
Listing Description

Attention investors! Add immediate rental income to your portfolio with this tenant-occupied 3-bedroom, 1-bath investment property. Currently leased at $1,100 per month through the Housing Choice Voucher Program (Section 8), this home offers an opportunity to acquire an income-producing asset with an existing tenant in place.

Lease and program documentation available for review. Please make all offers contingent upon inspection. Tenant occupied-do not approach the property or disturb the tenant. No showings without an accepted offer.

Monthly Cost Estimate

$529/mo

20% down · 6.5% · 30 years

Principal$72
Interest$429
Insurance$29

Estimates only. Actual payments may vary.

Location

3920 SCHOOLFIELD Rd

Memphis, TN 38127

SCHOOLFIELD ST ELMO

Features & Amenities

Exterior Features

PatioPorch

Property Details

Flooring

Carpet

Outdoor Features

PorchPatio

Parking

Driveway

Questions & Answers

This 3-bedroom, 1-bathroom single family at 3920 SCHOOLFIELD Rd is listed at $99,000 ($69/sqft). The estimated monthly payment is $530 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1972, 0.18 acre lot. Exterior Features: Patio, Porch.

This property is listed by Alyssa Ivey.

AI

Alyssa Ivey

Agent at Memphis Real Estate Advisors, brokered by eXp Realty, LLC

Listed by Memphis Real Estate Advisors, brokered by eXp Realty, LLC · Broker phone: (901) 461-0905 · View on Broker Site · Broker website

MLS# 10227883· Source: Memphis Area Association of Realtors®· 82 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3920 SCHOOLFIELD Rd, Memphis, TN 38127

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