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35
Values Hold Near $215K in Memphis
Updated 8 days ago • 6 new comps
Your Investment Paths
Turnkey Rental
This property shows solid rental potential, with estimated monthly income ranging between $1,642 and $1,876. These figures reflect a competitive market position, suggesting a stable stream of cash flow for an investor seeking consistent monthly returns. With a promising yield of 21.11%, this investment offers an attractive return profile. By focusing on these market-driven rent projections rather than static valuations, investors can better capitalize on the property's true income-generating capacity today.
More about this home
Neighborhood Assessment
This Raleigh area in Memphis looks like a **value-add, working-class pocket** with decent everyday convenience and clear rental demand. You’ve got big-box retail, grocery, daycare, and hospital access nearby, which helps occupancy and resale. Schools are mixed, though, and the immediate comps show a pretty tight range around the low-to-mid $100Ks, so this is more of a steady-income area than a premium appreciation play.
Market Activity
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Rental Income
$21K
Yield
21.1%
Year 1 Estimates
Fix-and-Flip
Modern updates significantly enhance property appeal, lifting the price per square foot to roughly $101 compared to the $94 baseline. This 7% increase translates to a stronger market position, helping your home shine among local competitors. Investing in these improvements adds roughly $13,000 in value. By refreshing key spaces, you create a vibrant atmosphere that attracts eager buyers and sets your property apart, unlocking its full potential for a rewarding future sale.
Value Add
$13K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $200,000 and $221,000. These figures align well with neighborhood comps, ensuring that strategic upgrades provide a meaningful boost to the home's total market equity. Rental prospects remain steady, projecting a monthly income of $1,826 and a healthy 10.4% yield. This property represents a balanced opportunity for investors seeking reliable cash flow alongside long-term growth in a proven, stable market area.
Rental Income
$22K
Yield
10.4%
Year 1 Estimates, Post Typical Renovation
Asking price
$235K
$31.6K over comp median
Comparative Market Analysis
$156K – $270K
~111 days to sell
Based on 8 comps
3641 Raleigh Millington Rd, Memphis Investment Report: Flip & Rental Analysis · Frontflip