BEDS4
BATHS1 full 1 partial
MLS#10213688
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONINDIAN HILLS
Property Description
This property is leased at $1,275 per month ($15,300 annually) through 07/31/2026, with a cash-on-cash return of 8.59% and a monthly cash flow of $257.82. "All investment figures are estimates and verified independently by buyer." Investor-friendly single-family opportunity in Memphis offering strong rental potential and long-term appreciation. The home features a functional layout with spacious living areas, well-sized bedrooms, and an efficient kitchen designed for everyday durability. Recent updates throughout enhance livability, reduce maintenance needs, and improve overall appeal. Interior and exterior present in well-maintained condition with solid structure and practical finishes. Ideal buy-and-hold addition for investors seeking steady cash flow and portfolio growth. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
Property Features
Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.16 Acres
Year Built: 1968
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 135
Exterior: Porch
Floors/ Ceilings: Hardwood Throughout
Living/ Dining Room: Separate Living Room, Separate Dining Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 7
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Destin Westmoreland
Agent Phone: (662) 253-0808
Agency Title: Local Agency Realty Group
Estimate Your Payment
Estimated Payment
$ 705.67 per month $671.26 Principal & Interest $0.00 Property Tax (data not provided by mls) $34.42 Homeowner's Insurance
556 Melton Ave | MLS# 10213688
This single family home located at 556 Melton Ave, Memphis, TN 38109 is currently listed for sale with an asking price of $118,000. This property was built in 1968 and has 4 bedrooms and 1 full and 1 partial baths. Melton Ave is located in the INDIAN HILLS subdivision. Search INDIAN HILLS real estate on destin.localagencyrealty.com today.