BEDS3
BATHS1 full
MLS#10213612
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONHOLMES RD 1ST ADD
Property Description
Turnkey investment opportunity with tenant in place paying $995/month ($11,940 annually), providing immediate cash flow from day one. Current lease extends through 5/17/2028, offering long-term income stability for investors seeking a low-maintenance addition to their portfolio. 4990 Newton Road features 3 bedrooms, 1 bath, hard-surface flooring throughout, central HVAC, and updated shaker-style kitchen cabinetry. The functional layout, spacious living area, and large fenced backyard support strong tenant appeal and long-term retention potential. Estimated monthly cash flow of $98.01 with a projected 3.46% cash-on-cash return. Conveniently located near major commuter routes, shopping, and employment centers in the Memphis market. TENANTED PROPERTY ? DO NOT APPROACH OR DISTURB TENANTS. No showings without an accepted offer.
Property Features
Property Type: Residential - Single Family
Cooling: Central
Heating: Central
Home Style: Traditional
Lot Size: 0.24 Acres
Year Built: 1958
Feature Descriptions
Bed and Bath: All Bedrooms Down
Days on Site: 127
Floors/ Ceilings: Hardwood Throughout
Living/ Dining Room: Separate Living Room, Separate Dining Room
Lot: Level
Parking/ Storage: Driveway/Pad
Total Rooms: 6
Listed By / Shown By
Listed By
Agency Name: Foundation Property Management
Shown By
Agency Title: Local Agency Realty Group
Agency Phone: 662-253-0808
Estimate Your Payment
Estimated Payment
$ 657.83 per month $625.75 Principal & Interest $0.00 Property Tax (data not provided by mls) $32.08 Homeowner's Insurance
4990 Newton Rd | MLS# 10213612
This single family home located at 4990 Newton Rd, Memphis, TN 38109 is currently listed for sale with an asking price of $110,000. This property was built in 1958 and has 3 bedrooms and 1 full baths. Newton Rd is located in the HOLMES RD 1ST ADD subdivision. Search HOLMES RD 1ST ADD real estate on www.localagencyrealty.com today.