RealtyLens
for rentRealtyLens property overview
$1,075

4998 Penwood Cv

Memphis, TN, 38118
View more Memphis, TN property pages
3Beds
2Baths
1,470Sqft
$1$/sqft

Listing Notes

Coming soon! We expect this home to be ready for move in on or before 05/08/2026! Although tours are currently unavailable, we are accepting applications at this time. Your estimated total monthly payment is: $1,122.89 The total estimated monthly payment is comprised of the following: Mandatory Fees: Base Rent - $1,075 Damage Waiver Fee - $14.95 Smart Home Fee - $22.95 (smart front door lock and smart thermostat) Utility Management - $9.99 (services for managing utility accounts) Additionally, a one-time set-up fee of $30.00 is charged on your first month's bill. Optional Fees: Animal Fees - Approved animals incur a non-refundable pet fee of $250 per animal and a monthly pet rent of $30 per animal (subject to applicable law). Pet fees and pet rent do not apply to service or support animals. Please note that we have breed restrictions, including but not limited to Pit Bull Terriers, Doberman Pinschers, Rottweilers, Staffordshire Terriers, German Shepherds, Chows, Bull Mastiffs, Huskies, Alaskan Malamutes, Wolf Dog Hybrids, Great Danes, St. Bernards, Akitas, and Rhodesian Ridgebacks, as well as any mixed breeds containing these types. Security Deposit: A cash security deposit range from one to one and a half months' rent is due prior to moving-in. Cash security deposits are eligible for refund upon vacating the home, less deductions for damages, unpaid rent or other charges, in each case subject to applicable law. Other Fees: In addition to the total monthly payment, Tenant(s) are also responsible for additional costs including, but not limited to, utilities, optional services, conditional and other applicable charges. All fees are subject to change and will be outlined in the lease agreement. Tours: To ensure a secure process, please schedule tours and apply for our properties exclusively through the official Evergreen Live website. Property Description: Spacious 3 Bed, 2 Bath, 1,470 sq ft home features a beautiful kitchen with black cabinets and granite countertops, finished flooring in main areas, and carpet in the bedrooms for added comfort. Relax in the cozy living room with a nice brick fireplace-perfect for cool evenings. A great blend of style and space-don't miss it! Listing Disclosures: All leasing information is believed to be accurate; however, photos are representative only and may not reflect current appliances and/or features of the home. Square footage is estimated, and prices, specials and dates may change without notice and are not guaranteed until a lease agreement is executed. Application: An application fee of $50 per applicant for 18 and over is required, and the minimum lease term is one year (12 months). Completed applications are reviewed on a first-come, first-served basis, and the security deposit varies based upon TransUnion Resident Score credit criteria. You must have a verifiable source of income that is at least three times the monthly rent. After you submit your lease application, all adult applicants receive an invitation from our income verification service, Payscore, with a link to guide you through your income verification. All applicants must complete the process within 48 hours of receiving an invite or your application may be delayed or not approved. This home accepts Housing Choice Vouchers! Please ensure your Housing Voucher, RTA Packet, and Affordability Sheet (if applicable) is attached to your application as proof of income. Please be aware that rental fraud and rental scams are on..

Market Insights

Near nearby median0.0%

$1/sqft vs a nearby median of $1/sqft.

Nearby median$1/sqft
Nearby properties4
Property size1,470 sqft
  • 0.0% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 1,470 sqft creates a usable price-per-square-foot read.

Property Read

FreshnessHistorical market data

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Market Position0.0% vs nearby

The property is close to nearby price-per-square-foot levels, so the decision will likely come down to condition and layout.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read1 item to check
AI ReadinessReady to analyze
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Listing Details

Days on market
18 days
Last price change
No change recorded
Listed
Apr 25, 2026
Photos
16 photos
Property type
single family
Status
for rent

Photos

Price History

May 8, 2026Initial record
$1,075for rent

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.