This property is leased at $1,100 per month ($13,200 annually) through 02/19/2027., with a cash-on-cash return of 3.72% and a monthly cash flow of $116.94. "All investment figures are estimates and verified independently by buyer." Investor-friendly single-family opportunity in a stable Memphis market location, offering strong rental appeal and long-term upside. The home features a practical layout with comfortable living spaces, well-proportioned bedrooms, and a functional kitchen suited for durable, everyday use. Interior and exterior present in well-maintained condition with recent improvements and updates enhancing overall livability and reducing near-term maintenance needs. Solid candidate for a buy-and-hold portfolio, delivering reliable income potential and future appreciation. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Destin Westmoreland
Agent Phone: (662) 253-0808
Agency Title: Local Agency Realty Group
Estimated Payment
$ 687.73 per month $654.19 Principal & Interest $0.00 Property Tax (data not provided by mls) $33.54 Homeowner's Insurance
3471 Gowan Dr | MLS# 10212910
This single family home located at 3471 Gowan Dr, Memphis, TN 38127 is currently listed for sale with an asking price of $115,000. This property was built in 1959 and has 3 bedrooms and 2 full baths. Gowan Dr is located in the ROLLING HILLS 2ND ADD subdivision. Search ROLLING HILLS 2ND ADD real estate on destin.localagencyrealty.com today.