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Updated over 8 years ago,

User Stats

468
Posts
85
Votes
Abdul Azeez
  • Real Estate Investor
  • Monroe Township, NJ
85
Votes |
468
Posts

Feedback needed on Memphis location

Abdul Azeez
  • Real Estate Investor
  • Monroe Township, NJ
Posted

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?

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