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Listing provided courtesy of Foundation Property ManagementMLS# 10195316MLS Provider
  • 360 days on site
  • 0 views

The property is leased at $1,195 per month through 3/31/2028, with a cash-on-cash return of 6.91% and a monthly cash flow of $247.36. Fully renovated rental property designed for durability and long-term performance. Key improvements include a new 30-year architectural roof, double-pane aluminum windows, and a recently installed water heater. Interior upgrades feature new hard-surface flooring, an updated kitchen with new countertops and fixtures, and a fully renovated bathroom with new tub and subway tile. Additional enhancements include fresh interior and exterior paint, updated lighting throughout, and completed crawl space and system repairs. Turnkey condition with strong rental potential and minimal deferred maintenance. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner/Agent

Source: Memphis MLS, MLS#: 10195316

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  • Property Type
    Residential
  • Lot
    0.16 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 1531 NETHERWOOD AVE

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
6/1/2026Source: Memphis MLS Price Reduction
$145,900 -2.7%
2/25/2026Source: Memphis MLS Price Reduction
$149,900 -6.3%
7/29/2025Source: Memphis MLS Status Change
Active
7/15/2025Source: Memphis MLS Status Change
Pending
7/4/2025Source: Memphis MLS Added to Database
July 04, 2025
4/28/2025Source: Memphis MLS Status Change
Closed
2/23/2025Source: Memphis MLS Status Change
Pending
1/6/2025Source: Memphis MLS Price Reduction
$109,500 -12.0%
12/2/2024Source: Memphis MLS Price Reduction
$124,500 -2.4%