🏠 3629 Huckleberry Dr, Memphis TN 38116
Great investment opportunity in the 38116 area! This spacious 4 bed / 2 bath property offers 1,700+ sq ft of living space and is located in a desirable rental and resale neighborhood. With an offer price of $175,000 and an estimated rehab of $35,000 (possibly less), the property has a strong After-Repair Value (ARV) of $255,000 — making it an excellent option for both fix-and-flip and long-term rental strategies.
💰 Investment Summary
Purchase Price: $175,000
Rehab Estimate: $35,000
Total Project Cost: $210,000
After Repair Value (ARV): $255,000
Projected Profit: $45,000
ROI: ~21.4%
📈 Flip Analysis
Purchase & Rehab: $210,000
Resale Value (ARV): $255,000
Gross Profit: $45,000
Commissions & Closing (6%): ~$15,300
Net Profit: ~$29,700
Return on Investment: ~14.1%
🏡 Rental Analysis (Optional – if held after rehab)
Estimated Rent: ~$2,000/month
Annual Gross Rent: $24,000
Vacancy (5%): – $1,200
Effective Gross Income: $22,800
Operating Expenses:
Property Management (10%): $2,400
Taxes (est.): $1,800
Insurance: $1,400
Maintenance: $1,200
Total Operating Expenses: $6,800
Net Operating Income (NOI): $16,000
Annual Cash Flow (with financing): ~$8,400
🏦 Financing (Example)
Loan Amount: $140,000 (80% LTV)
Down Payment: $35,000 (20%)
Interest Rate: 7%
Term: 30 years
Monthly Mortgage (P&I): ~$931
Annual Debt Service: ~$11,172
Cash-on-Cash Return: ~24%
Property Highlights:
• 4 Bedrooms / 2 Bathrooms – large layout in a strong rental pocket
• Rehab estimated at $35K or less – minimal updates required for full value
• Ideal for fix-and-flip or BRRRR strategy
• Projected ARV: $255,000
• Solid return potential and strong Memphis 38116 resale market
