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Listing provided courtesy of Foundation Property ManagementMLS# 10196660MLS Provider
  • 410 days on site
  • 0 views

This property is leased at $865 per month (10,380 annually) through 08/16/2026, with a cash-on-cash return of 6.51% and a monthly cash flow of $143.79. All investment figures are estimates and verified independently by buyer. This 2-bedroom, 1-bath home features original hardwood floors, central heat and air, ceiling fans, window coverings, laundry hookups, and a functional kitchen with ample cabinet and counter space. The property has been updated and shows solid overall condition with a clean, well-kept interior and durable exterior construction. Built in 1950, it offers low-maintenance appeal and strong long-term rental potential. Conveniently located near schools, parks, shopping, and major commuter routes, making it an attractive option for a wide range of tenants and future occupants. No wholesalers, assignments or alternative financing structures. Seller is offering owner financing with seller-approved terms. PROFESSIONALLY MANAGED IN-HOUSE

Source: Memphis MLS, MLS#: 10196660

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  • Property Type
    Residential
  • Lot
    5.93 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 1428 SMYTHE AVE #58

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
12/10/2025Source: Memphis MLS Price Reduction
$80,000 -5.9%
5/15/2025Source: Memphis MLS Added to Database
May 15, 2025