Potential Profit$36,737
This single-family property is available as a city owned at May St. It has 2 bedrooms, 1 bathrooms, and 992 square feet of living space. Based on our analysis of the current market conditions in Memphis for May St and comparable listings, the estimated market value is $43,462. The property located at single-family has potential equity of $36,737. If purchased for rental purposes, the monthly rental rate could range between $11,365 and $770. For those interested in resale, the estimated profit from selling is $36,737. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at May St are updated daily along with others in Memphis, Tennessee.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 5% APR
All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependant on credit scores, loan timeline, and a down payment amount.
This property in Memphis, TN is located in the Homeland Subdivision.
The property located at May St in Memphis, TN is listed as a City Owned
This is an active City Owned listing located in Memphis, Tennessee. Properties on static.foreclosure.com are typically available for deep discounts that can often reach 50 percent or more!The estimated rental value for May St located in Memphis, TN is $670/month. Comparable homes around May St that are rentals have monthly ranges starting as low as $11,365 per month and as high as $770 per month. An owner looking to use this property as an investment could bring a return in the area of $11,365 - $770 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
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