674 Maury St Memphis TN 38107

18 investors added to watchlist

674 Maury St

Memphis TN 38107

Year 1 Investor Highlights

Cash on Cash

5.16%

Cap Rate

6.68%

YoY Appreciation

11%

Cash Flow/mo.

$275

674 Maury St, Memphis TN 38107

$200,000

3 Bedrooms

1 Bathroom

1,558 Sqft

Built in 1926

18 investors watching

Why invest?

Investing in 674 Maury St offers a promising opportunity in Memphis's dynamic rental market. This 3-bedroom, 1-bathroom home combines historic charm with modern potential, situated in a neighborhood known for its strong rental demand and economic vitality.

Property Overview

Built in 1926, this 1,558-square-foot residence features three spacious bedrooms and a well-appointed bathroom. The property's classic architecture is complemented by a generous living area, providing ample space for tenants. Its location in the 38107 zip code, with a median home value of $106,543, underscores its affordability and investment potential.

Economic and Employment Insights

Memphis's economy is 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%. Memphis boasts economic diversity and stability, with sectors ranging from logistics and manufacturing to healthcare and education.

Local Amenities

The 38107 neighborhood offers a vibrant community with access to schools, parks, and local shops. Public transportation options are readily available, enhancing tenant convenience. The area's affordability and amenities make it attractive to a diverse tenant base, ensuring consistent rental demand.

Investment Opportunity

Estimated Monthly Rent

$1,490/month

Market Range: $1,170 - $1,810

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