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28
Values up 20%, Rent now $1,883
Updated 8 days ago • 18 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential, with monthly income projections ranging from $1,646 to $1,883. These figures align well with neighborhood trends for comparable three-bedroom single-family homes, positioning this asset as a reliable income generator. With an estimated rental yield of 7.19%, this investment offers a compelling return for the area. The consistent market demand and competitive pricing metrics suggest this home is a strong candidate for a turnkey rental portfolio.
More about this home
Neighborhood Assessment
East Memphis-Colonial-Yorkshire is a steady, established pocket with classic 1950s homes, decent nearby schools, and everyday convenience that usually keeps demand solid. This street appears to have a tight cluster of similar homes, which is a good sign for comparable pricing and resale, but the school ratings are mixed and there’s no obvious wave of new retail or major development driving a big near-term jump.
Market Activity
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Rental Income
$21K
Yield
7.2%
Year 1 Estimates
Fix-and-Flip
Refreshing your home creates a compelling advantage in this market. Updated properties see an increase in price per square foot to roughly $155 from the baseline of $146, reflecting a solid 6.7% boost in value. Investing in these improvements adds roughly $17,280 in potential value. With sell potential reaching up to $291,000 and enhanced rent potential, these upgrades offer a fantastic way to elevate your lifestyle and attract quality interest.
Value Add
$17K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid BRR potential with a post-renovation value estimated between $263,000 and $291,000. These updates drive significant equity growth, leveraging the local market demand for well-maintained homes in this specific square footage range. Monthly rental income is projected at $1,803, delivering a respectable 7.8% yield. This performance offers a stable cash flow foundation, making it a reliable choice for investors seeking steady returns in a proven neighborhood.
Rental Income
$22K
Yield
7.8%
Year 1 Estimates, Post Typical Renovation
Estimated value
$294K
$15.4K over comp median
Comparative Market Analysis
$211K – $500K
~22 days to sell
Based on 8 comps
4920 Essexshire Ave, Memphis Investment Report: Flip & Rental Analysis · Frontflip