Turnkey Investment Opportunity – Tenant in Place
We are MidSouth Home Buyers, a professional property management company serving the Memphis, Dallas, and Little Rock markets. This property is being offered as a turnkey investment with a tenant already in place, currently paying $1,950 per month.
The asking price reflects the understanding that MidSouth Home Buyers will continue managing the property after closing, providing the new owner with a truly hands-off investment experience. Our experienced management team will continue handling rent collection, maintenance coordination, tenant communication, and day-to-day property management so you can begin generating passive rental income from day one.
You can email me at jacobhorn@midsouthbestrentals.com or call/text me at 901-563-4485.
For sale by owner
$259,900
123 Wind Cove Ln, Princeton, TX 75407
--beds
--baths
6,050Square Feet
VacantLand
Built in 2025
6,050 Square Feet Lot
$-- Zestimate®
$--/sqft
$42/mo HOA
Overview
What the owner loves about this home
Turnkey Investment Property | $1,950 Monthly Rent | Professionally Managed by MidSouth Home Buyers
This turnkey rental offers investors $1,950/month ($23,400 annually) in scheduled gross rental income with professional management through MidSouth Home Buyers, an experienced real estate and property management company with a large portfolio of rental homes.
The property has been extensively upgraded to minimize maintenance and capital expenses, including:
? New architectural 30-year shingle roof
? New Jeld-Wen vinyl windows
? New Ruud 2.5-ton HVAC with 10-year warranty
? New AO Smith 40-gallon water heater
? Freeze-proof PEX plumbing
? Siemens all-weather electrical panel
? New interior paint, flooring, lighting and ceiling fans
? Cordless blinds and easy-rekey Kwikset hardware
The updated kitchen features quality cabinetry with crown molding, hard-surface countertops, deep stainless-steel double-bowl sink, island, and stainless-steel appliances. Bathrooms include granite vanity tops and updated fixtures. The primary suite offers a large shower and walk-in closet, while the impressive 11-foot vaulted living room ceiling adds tenant appeal.
Outside, the home features a fully fenced yard, new landscaping, Bermuda grass, and premium black mulch.
Investor Advantages
• $23,400 scheduled annual rent
• Turnkey, rent-ready condition
• Major systems recently replaced/upgraded
• Manufacturer and transferable warranties on key components
• Professional property management available through MidSouth Home Buyers
• Reduced maintenance and capital-improvement concerns
• Strong tenant appeal and long-term rental potential
This property offers the combination investors look for: income, quality improvements, professional management, and a more hands-off ownership experience.
- 19 days
- 131
- 4
Listed by:
Property Owner (901) 563-4485
Estimated market value
Not available
Estimated sales range
Not available
$1,675/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $259,900 |
Source: Owner Report a problem | ||
| 1/18/2026 | Listing removed | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 11/18/2025 | Listed for rent | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 11/12/2025 | Listing removed | $1,950 |
Source: Zillow Rentals Report a problem | ||
| 11/3/2025 | Listed for rent | $1,950 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $725 -3.2% | $50,400 |
| 2024 | $749 +1.5% | $50,400 +1.6% |
| 2023 | $738 | $49,600 |
Find assessor info on the county website
Monthly payment
Est. payment





