Need to know your thoughts on 38141 (Hickory Ridge-South Riverdale neighbourhood)

[Buyan Thyagarajan]

Hi Guys,

I am looking to purchase a property in 38141 zip code in Hickory Ridge-South Riverdale neighbourhood on a single family 3 bed 2 bath room property. I would like to know the following based on your knowledge of the area.

1. How likely is the property to appreciate 5 % year over year over a period of 7 years from 2024?

2. What are the top 3 criteria you think on why the appreciation will increase or decrease over a period of 7 years?

3. How likely will the rental appreciation be 3 percent year over year for a period of 7 years and why?

4. Are there any criteria I need to consider about this area which can throw my appreciation and rental increase way off?

5. Is there any risks i need to consider on when I invest in this area?
Buyan