top of page
Reserved

1041 Richland Drive, Memphis, TN 38116

Property Has Been Leased – Instant Cash Flow!
Renovation Highlights

Interior
➤ New LVP flooring throughout
➤ Full interior repaint (walls, ceilings, trim)
➤ LED lighting, outlets, switches, and wall plates updated
➤ New pre-hung doors in all rooms
➤ Two fully renovated bathrooms: new tubs, tile, vanities, fixtures
➤ Kitchen remodel: shaker cabinets, Formica counters, sink, vent hood
➤ Walls opened for a more modern layout (kitchen/entry, hallway/living)

Exterior
➤ Full exterior repaint (Gauntlet Grey with white trim)
➤ Repaired siding, concrete, and roofing around weather head
➤ All exterior doors replaced with smart locks installed
➤ New mailbox, landscaping cleaned up with mulch and flower bed
➤ Fence and shed repaired; debris removed

Systems & Final Touches
➤ New 40-gal water heater; HVAC (2017) serviced
➤ New thermostat, smoke/CO detectors, fire extinguisher
➤ Deep cleaned and ready for Section 8 inspection

Investor Appeal
➤ Turnkey rental with updated systems and finishes
➤ Ideal for long-term hold in stable Memphis submarket
➤ All work completed for compliance, durability, and cash flow

Click on the info icons below to learn more.

Infobox_info_icon_edited.png
Infobox_info_icon_edited.png
Infobox_info_icon_edited.png
Infobox_info_icon_edited.png
Infobox_info_icon_edited.png
Infobox_info_icon_edited.png
Infobox_info_icon_edited.png

Capitalization Rate

Rent Rate (est.)

Total Return 

Annualized Return 

Gross Yield 

Cash Flow 

Appreciation 

Type the description in the code.

Sales Price:

Occupancy Status:

Special Offer:

$164,900

Reserved

Type:

Bedrooms:

Bathrooms:

Square Feet:

Year Built:

Neighborhood Score:

Target Monthly Rent

Cash-On -Cash:

Monthly Cash Flow:

5-Year Projected Return:

Single-Family

3

2

1350

B

$1,550

6.93%

$275.69

$16,541

Item added to cart already.

Turnkey Invest-Medium resolution-PNG.png
bottom of page