8
See all 8 photos
$115,000
Est. payment /mo
2 Beds
1 Bath
1,199 SqFt
Active
404 STONEHAM RD Memphis, TN 38109
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Key Details
Property Type Single Family Home
Sub Type Detached Single Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1000-1199
Square Footage 1,199 sqft
Price per Sqft $95
Subdivision Park Hill Re
MLS Listing ID 10200407
Style Traditional
Bedrooms 2
Full Baths 1
Year Built 1960
Annual Tax Amount $1,215
Lot Size 0.300 Acres
Property Sub-Type Detached Single Family
Property Description
This property is leased at $1,050 per month ($12,600 annually) through 02/28/2027, with a cash-on-cash return of 5.50% and a monthly cash flow of $156.83. "All investment figures are estimates and verified independently by buyer." Investor-ready opportunity in a stable Memphis rental market. This well-maintained home features a functional layout with comfortable living areas, durable finishes, and good natural light throughout. Recent updates enhance efficiency and help reduce maintenance needs. The kitchen offers practical design with ample cabinetry, while the property shows solid condition inside and out with appealing curb appeal and usable outdoor space. Conveniently located near schools, shopping, and major routes, supporting consistent rental demand and long-term appreciation potential. A strong addition to any investment portfolio. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE
Location
State TN
County Shelby
Area Whitehaven/Fairley
Rooms
Master Bedroom 0x0
Dining Room 0x0
Kitchen Separate Dining Room
Interior
Heating Central
Cooling Central
Flooring Vinyl/Luxury Vinyl Floor
Exterior
Exterior Feature Brick Veneer
Parking Features Driveway/Pad
Pool None
Private Pool Yes
Building
Lot Description Level
Story 1
Others
Miscellaneous Other (See REMARKS)
Listed by James C Wachob • Foundation Property Management
NEARBY SCHOOL & BUSINESS
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