583 S McLean Blvd, Memphis, TN 38104, USA
Good Deal
72/100This is an excellent deal — priced below the local market with healthy equity after repairs. The fundamentals line up well across the board.
- 42% below area price per sqft
- $353k potential equity (44%)
- $2,647/mo positive cash flow
- 7.85% cap rate
- Strong neighborhood (75/100)
- No major red flags detected
Price vs. Market
ARV Assessment
The ARV range for the subject property after full renovation is estimated between $429,680 and $533,040 based on selected comparable properties.
2 more details
Property presents in moderate condition. Estimated rehab of $20k covers kitchen, baths, and systems.
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 $2,920/mo based on 14 comps. Standard deviation $470/mo indicates varied pricing in the area.
2 more details
Based on 14 comparable rentals within 20.0 miles of similar houses, monthly rents range from $2,630 (25th percentile) to $3,500 (75th percentile), with a median of $2,920.
Median + 25th/75th percentile of comparable Realtor.com rentals within 20.0 miles. Standard deviation: $470.
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.
