Jai Lipscomb
REALTOR®, ABR, Broker
BEDS3
BATHS1 full
MLS#10217995
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONNORTHAVEN BLK C
NEIGHBORHOODNorthaven
Property Description
Turnkey investment opportunity with tenant in place paying $950/month ($11,400 annually), providing immediate cash flow. Estimated monthly cash flow of $162.43 with a projected 6.01% cash-on-cash return. Professionally managed 3BR/1BA home featuring a functional layout, cozy living spaces, well-maintained interior, and comfortable bedrooms. Located in a serene Memphis setting near schools, parks, and everyday amenities, supporting consistent tenant demand and long-term rental stability. Professionally managed. No wholesalers, assignments, or creative financing! DO NOT APPROACH OR DISTURB TENANTS. No showings without an accepted offer. Financials available upon request. Leased through 3/3/2027 at $950/month.
Property Features
Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.22 Acres
Year Built: 1972
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 59
Exterior: Porch
Exterior/ Windows: Brick Veneer
Living/ Dining Room: Separate Living Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 6
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agent Name: Jai Lipscomb
Agent Phone: (615) 870-9082
Agency Title: Crye-Leike Real Estate Services
Source: MAAR MLS
Estimate Your Payment
Estimated Payment
$ 261.16 per month $230.90 Principal & Interest $0.00 Property Tax (data not provided by mls) $30.26 Homeowner's InsuranceChange Payment Information
Jai Lipscomb
Cell: (615) 870-9082
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760 Margie Dr | MLS# 10217995
This single family home located at 760 Margie Dr, Memphis, TN 38127 is currently listed for sale with an asking price of $103,750. This property was built in 1972 and has 3 bedrooms and 1 full baths. Margie Dr is located in the NORTHAVEN BLK C subdivision. Search NORTHAVEN BLK C real estate on jailipscomb.crye-leike.com today.