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Updated over 10 years ago on . Most recent reply
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Memphs zip code recommendations ............
Good morning everyone.
For those of you that Invest in or know the Memphis area well, could you please tell me, in what areas ( Zip codes ) have the highest, PITI ( what I'll e paying out for the house ) vs what I should be able to rent it out to somebody for?
For instance, I'm trying to keep my monthly PITI to around $600, But I want to make sure that I buy into an area that I can rent out the property for near double, the price tat I have in it per month ( $1200 a month average rent )
I've done a bit of research, and here are a few zip codes that seem to match the criteria...... 38117 , 38133, 38135, 38018 ,38016 and maybe even 38119
Any advice or insight is much appreciated. Thanks