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Values up 1.3%, Rents to $1,620
Updated 9 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
The property at 1691 Quail Hollow Rd shows solid rent potential. Based on local market data, monthly rental income is projected to range between $1,501 and $1,620, offering a competitive yield of approximately 13.20%. Investors can expect steady returns by aligning with these market trends. Given the strong performance of similar nearby condos, this unit represents a reliable income opportunity for those looking to maximize their rental portfolio in Memphis.
More about this home
Neighborhood Assessment
1691 Quail Hollow Rd sits in Memphis's River Oaks-Kirby-Balmoral neighborhood, a solid spot near Ridgeway High (rating 4/10) and elementary school (6/10). Walkability's decent with comps like identical 3-bed/2-bath condos zestimating ~$140K, matching this 1,194 sqft unit's $142K value. Low flood/fire risk, but heat's a concern. Steady comps at $130K-$190K show stable demand—you know, not exploding but reliable. Local news hints at East Memphis growth, though no big mall or school upgrades popping up. It's contemporary 1978 build; taxes ~$1.5K yearly keep costs down. Neighborhood feels steady, good for long-term hold.
Market Activity
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Rental Income
$19K
Yield
13.2%
Year 1 Estimates
Fix-and-Flip
Updating your home brings a fresh, modern appeal that helps your property shine. While the price per square foot sits at roughly $136 versus $136.50 baseline, this slight variance of -0.23% is negligible and offers real homeowner rewards. These updates unlock better rent potential, reaching up to $1,676. By choosing smart finishes, you create a vibrant space that attracts quality residents and stays competitive. It is a practical move to enhance your overall lifestyle.
Comps
3
Buy-Rehab-Rent
This condo shows limited renovation upside, with post-repair values capped between $148,000 and $163,000. Current market data suggests that cosmetic upgrades provide negligible price movement, making a heavy rehab strategy potentially difficult to justify for profit. The property offers solid income potential with a monthly rent of $1,649 and a strong 12.7% gross yield. While capital appreciation seems limited, the consistent rental demand makes this a viable candidate for a cash-flow-focused investor.
Rental Income
$20K
Yield
12.7%
Year 1 Estimates, Post Typical Renovation
Estimated value
$142K
$43.1K below comp median
Comparative Market Analysis
$169K – $200K
~248 days to sell
Based on 9 comps
1691 Quail Hollow Rd, Memphis Investment Report: Flip & Rental Analysis · Frontflip