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Updated almost 5 years ago on . Most recent reply

User Stats

149
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Kalen Jordan
  • Austin
80
Votes |
149
Posts

$50k property with $800+ rent in Memphis - good neighborhood?

Kalen Jordan
  • Austin
Posted

Off market deal that was emailed to me recently - in 38127 - I'm curious to know if this is a good deal or not. I'm looking for 10% to 15% CoC in solid B neighborhoods - the returns on this one look attractive but I've read before that anything in the $50k range is likely problematic.

Can PM details if that would help.

Most Popular Reply

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969
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524
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Derrick Craig
  • Memphis, TN
524
Votes |
969
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Derrick Craig
  • Memphis, TN
Replied

@Kalen Jordan

I think anything and everything in 38127 zip code is C grade or less... This is just an opinion some people may say there are A and B neighborhoods in 38127, unfortunately out of my 41 years here in Memphis I have not seen one yet. And I invest in 38127 a lot!!

  • Derrick Craig
  • Loading replies...