194 E BISCAYNE Rd, Memphis, TN 38109

Beds
4
Sqft
1,165

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Listed byKAIZEN REALTY, LLC
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Overview

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.

Location

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
4
Square feet
1,165
Lot size (acres)
0.32
Year built
1956

Utilities

Cooling
None

Taxes

Tax Annual Amount
$789

Public schools

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Sourced from: Memphis Area Association of Realtors MLS®#: 10224807 Last checked:

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