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13
Values Adjust to $123K; Yield at 14%
Updated yesterday • 4 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with estimated monthly income ranging from $1,123 to $1,363. The competitive yield of 14.37% highlights a promising opportunity for investors looking to generate consistent cash flow in this market. Recent market data for similar homes supports these figures, as surrounding properties demonstrate steady demand and consistent performance. Leveraging this rental income range will help maximize returns while maintaining a solid position in the neighborhood.
More about this home
Neighborhood Assessment
Hickory Ridge–South Riverdale is a working-class Memphis submarket with solid rental demand and mostly modest brick homes from the 1980s. You’ve got nearby public schools, basic retail, and everyday services within a short drive, but it’s not a high-walkability, lifestyle neighborhood. Values on Deer Forest Dr cluster around the low–100Ks, and your 2-bed, 2-bath, 1.1K sqft home fits that pattern. Stable rents around $1.1K/mo and relatively low taxes support a steady, cash-flow play rather than big appreciation or luxury repositioning.
Market Activity
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Rental Income
$15K
Yield
14.4%
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly boosts value, lifting price per square foot from $126 to $140. This 11% increase enhances appeal, helping your property stand out while pushing potential sale prices toward $157,000 for a fresh, competitive edge. Upgrades create a beautiful, turnkey experience that attracts eager buyers and quality renters. With rent potential reaching $1,541, this investment balances lifestyle comfort with smart financial growth, making it a reliable way to modernize your asset.
Comps
3
Uplift
+11%
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $129,000 and $142,000. These updates drive a meaningful uplift, positioning the asset well against local market averages while ensuring a competitive, modern rental appeal. Projected monthly rental income reaches $1,474, supporting a strong 13.1% yield. This performance suggests a reliable cash flow outcome, making the property a practical, income-focused addition to a balanced portfolio requiring steady, long-term returns.
Rental Income
$18K
Yield
13.1%
Year 1 Estimates, Post Typical Renovation
Estimated value
$104K
$19.9K below comp median
Comparative Market Analysis
$100K – $180K
~82 days to sell
Based on 8 comps
3759 Deer Forest Dr, Memphis Investment Report: Flip & Rental Analysis · Frontflip