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3245 Greenhill Dr

Memphis, TN 38118 · memphis market · Shelby County

B72
Price
$72,000
$69/sqft
Property
3bd / 1ba · 1,050 sqft
SFH · Built 1958 · Lot 5,500 sqft
Status
active
14 days on market · redfin
Flip Analysis
Purchase Price$72,000
Repairs (Cosmetic Light ($5-8/sqft))$5,250
All-In Cost$77,250
ARV (After Repair Value)$105,000
Max Offer (70% Rule)$68,250
Potential Profit$27,750
ARV Score
22/30
70% Rule
18/25
Equity Upside
10/15
Risk Deductions
-2/10
Rental Analysis
Monthly Rent Estimate$850
Monthly Cash Flow$410
Cap Rate10.8%
Cash-on-Cash Return19.6%
Cash Flow Score16/20

Assumptions

Down payment: 25%Rate: 6.99%Management: 10%Maintenance: 5%Vacancy: 8%HOA: $0/mo
Seller Motivation5.2/10
Medium Motivation

Signals Detected

  • No strong motivation signals
  • Fairly priced for area
Price History

Listed at $72K on 2026-02-01

Comparable Sales (4)
AddressPrice$/sqftSqftBeds/BathsSold DateDistance
3310 Ridgeway Rd$98,000$981,0003/12026-01-050.3 mi
3310 Ridgeway Rd$98,000$981,0003/12026-01-050.3 mi
3178 Clearpool Cir$112,000$1021,1003/1.52025-11-280.4 mi
3178 Clearpool Cir$112,000$1021,1003/1.52025-11-280.4 mi
Additional Evaluation Factors
School Rating
4/10
Nearby Sold Vol.
42 sales
Property Tax Rate
1.45%
Insurance Est.
$920/yr
Vacancy Rate
7.2%
Neighborhood
stable
Walk Score
30/100
Owner Tenure
5 yrs
HOA
None
Listing Description

Great rental property in Hickory Hill area. Tenant occupied, $850/mo current rent. New HVAC 2023. Needs minor cosmetic updates. Cash flow positive from day one.

View Original ListingAgent: Robert Jackson · 901-555-0256