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27
Values move to $131K, 22 comps review
Updated yesterday • 3 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential, with estimated monthly income ranging between 1,224 and 1,350 dollars. Based on current market data for the 38109 area, this asset offers a competitive yield of approximately 12.87 percent. With a median market rent of 1,273 dollars, the property aligns well with local demand for single-family homes. These figures suggest a strong opportunity for consistent cash flow when compared to similar nearby rental listings.
More about this home
Neighborhood Assessment
The Smith Turley neighborhood in Memphis's 38109 zip feels solid but unremarkable. You've got Westhaven Elementary just 0.4 miles away with a decent 6/10 rating, and Freedom Prep Charter nearby too. Comp homes on E Shelby Dr are zestimating 77K-115K for similar 3-bed setups around 1.2K sqft. This 1,183 sqft ranch at $120K list (down from 150K) sits at $101/sqft, right in line. Walkability's average; it's more car-dependent here. Recent updates like new roof '23, sewer '22, and HVAC bits help, but inside needs paint—hardwood under carpet's a nice surprise. Big lot (10K sqft) with huge yard, covered patio, and carport screams rental appeal or family flip. Low taxes ~$1.5K/yr keep costs down. No major developments popping, but steady comps show reliable demand in White Haven-Coro Lake area.
Market Activity
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Rental Income
$15K
Yield
12.9%
Year 1 Estimates
Fix-and-Flip
Updating your home provides a fresh, modern appeal that helps your property truly shine. These improvements can boost your potential sale price to $147,000 and increase rent potential to $1,375, helping you attract high-quality interest. While the price per square foot remains similar at $114.25 compared to the baseline $114.18, this change represents a positive shift. Investing in quality upgrades creates a desirable lifestyle, adding lasting comfort and long-term value.
Value Add
$77
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between 133,000 and 147,000 dollars. The renovation strategy targets an asset class where updated homes reliably command mid-range market prices within the local neighborhood. The projected 1,333 dollar monthly rent supports a healthy 11.4 percent yield. This deal provides a stable income stream, making it a practical option for investors focused on cash flow and consistent long-term property performance.
Rental Income
$16K
Yield
11.4%
Year 1 Estimates, Post Typical Renovation
Estimated value
$120K
$11.4K below comp median
Comparative Market Analysis
$110K – $171K
~51 days to sell
Based on 8 comps
265 E Shelby Dr, Memphis Investment Report: Flip & Rental Analysis · Frontflip