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$203,000 / 5br - 3560ft2 - Passive Turnkey Rental Investment - 1451 Roberts Rd (Memphis, TN)
1451 Roberts Rd, 38106, TN 38106
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This HUGE single-family residence offers incredible space and solid rental income, located just off Elvis Presley Blvd in Memphis. At 3,560 square feet, this home is perfect as a long-term buy & hold investment property with a reliable tenant already in place.
✨ Property Highlights:
3,560 sq ft of living space – rare size for the area!
Currently rented at $1,695/month (tenant in place)
Spacious layout with multiple bedrooms, bathrooms, and plenty of living space
Strong rental demand in the neighborhood with upside potential
📊 Investment Snapshot:
Rent: $1,695/month ($20,340 annually)
Property Management: 8% ($135.60/month)
Taxes: $1,754/year (~$146/month)
Insurance: $570/year (~$48/month)
Reserves (CapEx/Maintenance/Misc.): $100/month
Net Yearly Cash Flow: $15,188.80
🔥 This property combines size, location, and reliable income—a fantastic passive income opportunity near one of Memphis’s most recognized corridors.