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Updated over 8 years ago,
Areas in Memphis,TN where " Average " rent = $1,100 - $1,300 ?
Can other Investors/Landlords in the Memphis,TN area, recommend any particular Zip Codes / Neighborhoods, of which Rents usually go for $1,100 - $1,300 as the Average ( Assuming Purchase Price of these homes are around $100,000 - $130,000 )
I am Looking at buying my Primary Residence in Memphis,TN , and I want to make sure that I buy in an area that I will be able to charge rents in the $1,100 - $1,300 a month range )
I'm thinking ..... 38117, 38111, 38122 ZipCode areas ?
Either 2 bed 2 bath houses or 3 bed 1 and a half baths ( as the minimum ) . Would prefer 3 bed 2 bath , but not sure i can get this type of property given that my Budget is $100,000 - $130,000 ( This price range is the month I can afford/qualify for via the DTI )
Thanks so much for any and all help and recommendations