New Construction - Built To Rent In Memphis

We currently have 2 houses available that are in the final stages of completion to sell this week! and 7 more completing in the next 60 days! These homes are located in Memphis TN. Bryce and Brown Home Builders is the largest land holder in 38127 and we are building new houses like crazy over there. These are built specifically to rent. The finishes are landlord friendly and the state is very landlord friendly! The houses are 4 bedrooms 2 bathrooms, 1255 sq ft. We have tenants lining up to pay $1450 per month. Houses offer a 1 year full coverage warranty from the builder and we have 2 great property management firms to assist in management of the properties. Price is $157,000 and they are appraising at $164,000 currently so the buyers walk in with some equity. Annual taxes are $1400/year Annual insurance has been runnng $1600-1800 per year