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Listing provided courtesy of Foundation Property ManagementMLS# 10221332MLS Provider
  • 49 days on site
  • 0 views

This property is leased at $1,800 per month ($21,600 annually) through 04/19/2027, with a cash-on-cash return of 6.01% and a monthly cash flow of $295.34. All investment figures are estimates and verified independently by buyer. Turnkey investment opportunity with strong rental potential. This well-maintained home features recent updates including refreshed interior finishes, updated flooring, and modernized kitchen and bath elements that enhance both appeal and functionality. The property shows solid overall condition with only light cosmetic improvements needed, making it ideal for investors seeking immediate or near-term returns. Spacious layout, ample natural light, and a practical floor plan add to its long-term desirability and tenant appeal. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE

Source: Memphis MLS, MLS#: 10221332

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  • Property Type
    Residential
  • Lot
    0.09 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 803 MARECHALNEIL ST

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/12/2026Source: Memphis MLS Added to Database
May 12, 2026