1463 Faxon Avenue, Memphis, TN, USA
Excellent
89/100This is an excellent deal — priced below the local market with healthy equity after repairs. Watch that the neighborhood scores low.
- 91% below area price per sqft
- $295k potential equity (232%)
- $1,189/mo positive cash flow
- 37.4% cap rate
- Neighborhood scores 67/100
Price vs. Market
ARV Assessment
The After-Repair Value for the subject property ranges from $238,000 to $314,000 based on comparable sales in the area, with a midpoint estimate of $269,000.
2 more details
Property presents in cosmetic condition. Estimated rehab of $40k covers paint, flooring, and fixtures.
Sales-comparison approach using 6 live sold comps from Realtor.com (filtered from 10 candidates), evaluated by LLM for proximity, recency, and renovation quality.
Comparable Sales
6 comps
Rental Income
Median area rent is $2,700/mo based on 31 comps. Standard deviation $690/mo indicates varied pricing in the area.
2 more details
Based on 31 comparable rentals within 25.0 miles of similar houses, monthly rents range from $2,400 (25th percentile) to $3,500 (75th percentile), with a median of $2,700.
Median + 25th/75th percentile of comparable Realtor.com rentals within 25.0 miles. Standard deviation: $690.
Financing Calculator
Neighborhood Profile
City Population
Get alerts for deals like this in Memphis
We'll email you when matching off-market deals hit Offa's marketplace.
Similar Off-Market Deals Nearby
Full details available on Offa's marketplace.
