The general consensus is that kitchens are relatively low ROI.

Housing Market ConditionsMedian Sale Price: $395k• YoY Price Growth: 8.7%• 5-Year Price Growth: 50%Housing Inventory: Less than 7,000- low (Below pre-pandemic levels)Property Tax Rate: 0.42Average Insurance: $1,680Median Rent: $1,895 (single-family house)• YoY Rent Growth: 1%• 5-Year Rent Growth: ???

The low entry point and cash flow have been historically the reasons to invest in Memphis.

We just saw few target properties go from active to contingent/pending status on MLS, it's hard to land on good cash-flow/turn-key property with low inventory nowadays.

Mine is a bit verbose since I cater to low income, but am happy to share with anyone who sends me a private message or e-mail.  

Hi Shilpa,This deal shows strong potential, especially given the low purchase price of $41,000, which provided plenty of room for value creation through your renovations.

This price growth is largely driven by continued low inventory levels, which have kept competition high among buyers, even as average days on market have increased to 36 days​(Nest Realty)​(Garretts Realty).In Southern Indiana, activity is up with new listings growing by 8.2%, though sales have seen slight declines.

Low offer versus high potential.

This deal offered significant potential for a transformation with its low purchase price of $58,500 and room for value-add renovations.

This deal offered significant potential for a transformation with its low purchase price of $58,500 and room for value-add renovations.