1958 Vinton Ave Memphis TN 38104

26 investors added to watchlist

1958 Vinton Ave

Memphis TN 38104

Year 1 Investor Highlights

Cash on Cash

4.37%

Cap Rate

6.43%

YoY Appreciation

13%

Cash Flow/mo.

$332

1958 Vinton Ave, Memphis TN 38104

$285,000

3 Bedrooms

1 Bathroom

1,928 Sqft

Built in 1922

26 investors watching

Why invest?

Investing in 1958 Vinton Ave offers a promising opportunity in Memphis's vibrant 38104 neighborhood. This area boasts a rich cultural scene, historic charm, and a strong rental market, making it attractive for investors seeking consistent returns.

Property Overview

This 3-bedroom, 1-bathroom home spans 1,928 square feet and was built in 1922. Its spacious layout and classic design provide a solid foundation for potential renovations or updates, appealing to a wide range of tenants.

Economic and Employment Insights

Memphis's economy is diverse and robust, with major employers like FedEx, International Paper, and St. Jude Children's Research Hospital. The city's job growth rate is approximately 2.5%, and the population growth rate is around 1.2%, indicating a stable and expanding market. In 2024, Memphis International Airport supported over 67,000 jobs and generated nearly $11 billion in economic output, underscoring the area's economic vitality.

Local Amenities

The 38104 neighborhood offers a vibrant lifestyle with a variety of amenities. Residents enjoy access to diverse dining options, cultural attractions, and recreational parks. The area is well-served by public transportation, providing easy access to the rest of Memphis. Additionally, the neighborhood's proximity to major employers and educational institutions adds to its appeal for potential tenants.

Investment Opportunity

Estimated Monthly Rent

$1,910/month

Market Range: $1,530 - $2,300

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