If you’re looking for an affordable, cash-flowing investment property in Memphis, Tennessee, this fully renovated 3-bedroom home offers an excellent opportunity for both first-time and experienced real estate investors.
Priced at just $125,000, this tenant-occupied rental property provides immediate income and requires no renovation work. With a tenant already in place and generating monthly rental income, investors can begin earning returns from day one.
Whether you’re building a passive income portfolio or purchasing your first turnkey rental property, Memphis continues to offer attractive opportunities for long-term wealth creation.
Property Overview
| Details | Information |
|---|---|
| Purchase Price | $125,000 |
| Monthly Rent | $1,195 |
| Annual Gross Income | $14,340 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Square Footage | 854 Sq Ft |
| Property Type | Single-Family Home |
| Condition | Fully Renovated |
| Status | Tenant Occupied |
| Location | Memphis, TN 38127 |
Why Memphis Real Estate Investors Love Turnkey Rental Properties
Memphis has become one of the most sought-after real estate investment markets in the United States. Investors from across the country are attracted by:
- Affordable purchase prices
- Strong rental demand
- Cash-flow opportunities
- Turnkey investment properties
- Growing out-of-state investor interest
Compared to many major U.S. markets, Memphis offers lower barriers to entry while maintaining attractive rental yields.
For investors seeking passive income opportunities, turnkey rental homes provide a straightforward path to building wealth through real estate.
Investment Highlights
This property checks many of the boxes investors look for when evaluating rental properties.
Affordable Entry Point
At just $125,000, this home provides an accessible opportunity to enter the Memphis real estate market without requiring a large capital investment.
Immediate Cash Flow
The property is currently leased for $1,195 per month, allowing investors to begin generating rental income immediately after closing.
Fully Renovated
Renovation costs can significantly impact investment returns. This home has already been renovated, helping investors avoid unexpected repair expenses.
Tenant in Place
One of the biggest advantages of turnkey investing is purchasing a property with an existing tenant. This eliminates the time and costs associated with:
- Marketing the property
- Screening tenants
- Vacancy periods
- Preparing the home for occupancy
Strong Rental Potential
With annual gross rental income of approximately $14,340, this property offers strong cash-flow potential for investors seeking long-term rental income.
Why Tenant-Occupied Investment Properties Are Attractive
Many real estate investors prefer tenant-occupied properties because they offer:
- Immediate income
- Reduced vacancy risk
- Predictable monthly cash flow
- Faster return on investment
- Lower management concerns at acquisition
For out-of-state investors, purchasing a turnkey rental property with an existing lease can significantly simplify the investment process.
The Benefits of Investing in Memphis Rental Properties
Memphis continues to attract investors because of its favorable investment fundamentals.
Affordable Housing Market
Investment properties in Memphis remain competitively priced when compared to many larger metropolitan areas.
Strong Rental Demand
Single-family rental homes remain popular among Memphis renters, creating opportunities for investors to generate consistent income.
Portfolio Diversification
Rental properties provide investors with an opportunity to diversify their portfolios beyond traditional investment vehicles.
Long-Term Wealth Building
Real estate investing combines:
- Cash flow
- Equity growth
- Potential appreciation
- Tax advantages
- Passive income opportunities
These factors make rental properties an attractive long-term investment strategy.
Is This Property Right for You?
This property may be an excellent fit if you are:
- A first-time real estate investor
- Looking for passive income opportunities
- Interested in Memphis real estate
- Seeking a turnkey investment property
- Building a buy-and-hold portfolio
- Investing from out of state
- Looking for immediate rental income
Its affordable price point and tenant-in-place status make it particularly attractive for investors who prefer a hands-off investment experience.
Property Specifications
- Purchase Price: $125,000
- Address: 4566 Range Line Rd, Memphis, TN 38127
- Bedrooms: 3
- Bathrooms: 1
- Square Footage: 854 Sq Ft
- Monthly Rent: $1,195
- Annual Gross Income: $14,340
- Property Type: Single-Family Home
- Construction Type: Fully Renovated
- Investment Type: Turnkey Rental Property
- Status: For Sale
Why Choose REI America?
At REI America, we help investors identify quality turnkey investment properties throughout Memphis. Our team specializes in helping both local and out-of-state buyers find rental properties that align with their investment goals.
Whether you’re purchasing your first rental home or expanding an existing portfolio, we provide investment opportunities designed to deliver long-term value and cash-flow potential.
Final Thoughts
Finding an affordable turnkey investment property with a tenant already in place can significantly simplify the real estate investing process. This fully renovated Memphis rental home offers immediate cash flow, a strong price-to-rent ratio, and an attractive entry point for investors looking to grow their portfolios.
If you’re interested in learning more about this investment opportunity, our team is here to help.
Contact REI America
- Phone: 901-617-4333
- Website: www.reiamerica.com
- Email: sales@reiamerica.com
Real Estate. Real Returns.