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
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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
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