This property is leased at $995 per month ($11,940 annually) through 05/17/2028, with a cash-on-cash return of 3.46% and a monthly cash flow of $98.01. "All investment figures are estimates and verified independently by buyer." Investor-friendly opportunity in a consistent Memphis rental market. This well-maintained home offers a functional layout with comfortable living spaces, durable finishes, and good natural light throughout. Recent updates enhance efficiency and help reduce ongoing maintenance. The kitchen features ample cabinetry and practical flow, while the property shows solid condition inside and out with strong curb appeal and usable outdoor space. Conveniently located near schools, shopping, and major routes, supporting steady rental demand and long-term appreciation potential. A dependable addition to any portfolio. 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
$ 657.83 per month $625.75 Principal & Interest $0.00 Property Tax (data not provided by mls) $32.08 Homeowner's Insurance
4990 Newton Rd | MLS# 10213612
This single family home located at 4990 Newton Rd, Memphis, TN 38109 is currently listed for sale with an asking price of $110,000. This property was built in 1958 and has 3 bedrooms and 1 full baths. Newton Rd is located in the HOLMES RD 1ST ADD subdivision. Search HOLMES RD 1ST ADD real estate on destin.localagencyrealty.com today.