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12
Value up to $146K with 15% Yield
Updated 8 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential, with estimated monthly income ranging between $1,177 and $1,312. These figures reflect a solid market performance, positioning the home as a strong candidate for a reliable, turnkey investment strategy. With a compelling rental yield of approximately 15.3%, this property stands out as a high-performing asset in the Memphis area. It offers investors a great balance of income stability and attractive returns in today's market.
More about this home
Neighborhood Assessment
This part of **Parkway Village-Oakhaven** in southeast Memphis looks like a practical, value-oriented pocket rather than a premium appreciation play. It has decent school access and solid day-to-day convenience, with nearby retail corridors and commuter routes that support rental demand. The comp set is active, but pricing stays in a narrow band, which points to a stable, working-class market.
Market Activity
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Rental Income
$15K
Yield
15.3%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, jumping from $89 to $120 per square foot—a impressive 34% increase. Refreshed spaces catch eyes, making your property a standout choice that perfectly captures current buyer preferences and elevates lifestyle. This upgrade unlocks a potential sell price up to $146,000, while maintaining steady rental appeal. Investing in these improvements creates a beautiful, contemporary home that offers both immediate market advantage and lasting pride of ownership.
Value Add
$35K
Post Typical Renovation
Buy-Rehab-Rent
This property shows solid potential for value creation. Renovations can push the market value to a range of $132,000 to $146,000. With a healthy 10.5% yield, the asset effectively bridges the gap between equity growth and cash flow. Projected monthly rents of $1,218 provide reliable income. Given the strong price-per-square-foot uplift from upgrades, this project is a practical choice for investors seeking a stable BRR strategy in a market with consistent rental demand.
Rental Income
$15K
Yield
10.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$98K
$34.8K below comp median
Comparative Market Analysis
$105K – $175K
~49 days to sell
Based on 8 comps
2969 Danville Rd, Memphis Investment Report: Flip & Rental Analysis · Frontflip