About This Home

This 3-bedroom, 1-bathroom single family at 1561 PRESTON St in Memphis, TN is listed for $69,000 ($71 per sqft). Built in 1997, the home offers 974 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1997
  • 0.18 acre lot

Property Details

1 story
1 full
1997

Amenities

A/C
Listing Description

Here's a perfect opportunity to purchase a cash flowing property.Calling all investors! This income-producing 3-bedroom, 1-bath home is the perfect addition to your rental portfolio. Featuring strong cash flow potential, spacious living areas, and a functional floor plan, this property is already set up to generate consistent monthly income.

Property is occupied by a tenant at $695 per mo. ***DO NOT DISTURB*** Drive by to make offers. No viewing without an Seller Accepted offer. Due Diligence performed during walkthrough once accepted. Cash offers must show a Valid Proof of Funds. Must present a Pre Approval for all Conventional Loans. ***Professional Property Management in Place***> Seller also Selling 572 Burlington Cir< ~Sorry No Wholesalers, No Creative Financing and No Hard Money Loans~

Monthly Cost Estimate

$369/mo

20% down · 6.5% · 30 years

Principal$50
Interest$299
Insurance$20

Estimates only. Actual payments may vary.

Location

1561 PRESTON St

Memphis, TN 38106

CENTRAL LAND CO BLK 8

Features & Amenities

Exterior Features

PorchWrought Iron Security Drs

Property Details

Flooring

VinylTile

Outdoor Features

Porch

Parking

Driveway

Heating

Central

Cooling

Central Air

Questions & Answers

This 3-bedroom, 1-bathroom single family at 1561 PRESTON St is listed at $69,000 ($71/sqft). The estimated monthly payment is $369 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1997, 0.18 acre lot. Exterior Features: Porch, Wrought Iron Security Drs.

This property is listed by Tara Woodley.

TW

Tara Woodley

Agent at ZACH TAYLOR REAL ESTATE

Listed by ZACH TAYLOR REAL ESTATE · Broker phone: (727) 692-6578 · View on Broker Site · Broker website

MLS# 10221417· Source: Memphis Area Association of Realtors&#174;· 170 days on PropertySimple

Copyright © 2026 Memphis Area Association of Realtors&#174;. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1561 PRESTON St, Memphis, TN 38106

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