7 photos
$92,000
2545 Spottswood Ave
Memphis, TN 38114
Tiffany N Brown, The Home Partners Realty · (901) 736-2291
What the listing says
Turnkey cash flowing investment opportunity. Generating $1,000 per month with lease in place until 4/2027. Annual gross income 12,000 offering approximately 12.6 percent gross yield at current list price. Fully renovated. New A/C and Furnace. Low maintenance asset positioned for immediate return.Perfect for DSCR LOAN Option or Cash Buyer. Owner Financing Available DO NOT DISTURB TENANT Sold As-is.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Single Family
Lot Size
2,613.6 sq ft
HOA
None
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Questions about owner financing in Memphis
What is owner financing for 2545 Spottswood Ave?
Owner financing means the seller of 2545 Spottswood Ave acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Memphis, TN home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Memphis home?
There is no standard down payment. The seller of this Memphis home sets their own, and it is negotiable. Ask the seller or their agent.