Townhouse / Rowhouse home in Memphis, TN
Set in Memphis, TN, this Townhouse home provides 2 bedrooms and 1.5 bathrooms across 1,054 square feet. The Townhouse styling carries through the home's design.
| Price | $100,000 |
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| Beds | 2 |
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| Baths | 1.5 |
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| Sqft | 1054 |
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| Architectural style | Townhouse / Rowhouse (70% match) |
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| Address | 690 Hobbs Dr #690, Memphis, TN 38111 |
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Why buy this home
- Confirmed Townhouse / Rowhouse architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced below comparable homes.
- At $100K, this home is 47% below the $190K median for 140 similar Townhouse / Rowhouse homes in Memphis, TN.
- That works out to $95 per square foot, 17% below the $115 comparable rate.
- On the market 20 days.
| This home | $100,000 |
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| Townhouse / Rowhouse median in Memphis, TN | $189,900 (140 homes) |
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| Price per sq ft | $95 vs. $115 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $641/month with 20% down at a 7.28% 30-year fixed rate. You would need about $27,459 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $547/mo |
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| Property tax (new-buyer reassessed rate) | $56/mo |
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| Homeowners insurance | $37/mo |
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| Total monthly | $641/mo |
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| Down payment (20%) | $20,000 |
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| Income needed | $27,459/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (58 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C (58/100) |
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| Beats renting in | 13% of modeled paths |
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| Modeled 5-yr equity (median) | $42,113 |
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| Range (10th to 90th pct) | $24,096 to $64,149 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Memphis, TN where local data is thin.
Local home values
Typical home values in Memphis, TN have risen about 17% over the past 5 years (+0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia