Feedback needed on Memphis location

[Abdul Azeez]

Folks - I am working with a TK provider for a property in the 38128 neighborhood in the Memphis, TN for about $90k. I cannot give the exact address on this forum but it is within the area below. Is this a good neighborhood for buying an investment rental and is the price in the right ballpark for a SFH 3/2? My Cashflow numbers indicate I need to acquire for lesser to make a reasonable monthly cash flow. So, I am interested in understanding how comparables in the area are priced. Can anyone in the Memphis area who knows the neighborhoods guide me? The school ratings are not good. So, I am not sure if there will be an impact on renting this out. Is this a safe area in general where I can expect to have it continuously rented out?

[Alexander Price]

@Abdul Azeez

Not sure why you cannot share the exact address, but you've posted to the correct site. Check out this link: http://www.city-data.com/zips/38128.html

City-data shows the prices floating near the 60k area back in 2014, and Memphis is not appreciation market. Meaning it seems 90k is too much. Of course without knowing the exact location, anyone with experience won't be able to help you because Memphis has many micro markets where the 90k price may not be unreasonable.

Good luck!