Action Realty McNairy
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$80,000

1428 Smythe

Memphis, TN 38114
2Beds
1Baths
600-799Sq Ft
1950Year Built

About this property

This property is leased at 865 per month (10,380 annually) through 08/16/2026, with a cash-on-cash return of 6.97% and a monthly cash flow of $153.92. "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. Financials available upon request. No wholesalers, assignments, or creative financing! PROFESSIONALLY MANAGED IN-HOUSE Owner Financing Available

Property details

MLS #
10196660
Type
Residential
County
Shelby
Listed
2025-05-14
Map
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Listing courtesy of Foundation Property Management · 901-633-1484 · © 2026 Memphis Area Association of REALTORS®

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Copyright© 2026 Memphis Area Association of REALTORS®. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.

Listing data last updated Jun 10, 2026 8:30 AM.