Location: Southeast Memphis (After Rehab Value $82,000+) Wow!! How often can you buy a property for $38,900 that will rent for almost $1,000 per month?? This three bedroom two bath home is located in a prime rental area of southeast Memphis that is sure to rent quickly. This house features a nice living room with a fireplace, a nice open kitchen, and nice sized bedrooms. This property needs a new roof, interior and exterior paint, wood repair on the exterior, new fixtures, and servicing of all the systems. This property should see nice cash flow of $225-$325 per month.