home in Memphis, TN
This home in Memphis, TN offers 5 bedrooms and 5 bathrooms across 6,099 square feet.
| Price | $1,499,999 |
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| Beds | 5 |
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| Baths | 5 |
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| Sqft | 6099 |
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| Address | 8675 Classic Dr, Memphis, TN 38125 |
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Why buy this home
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced above comparable homes.
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 $9,611/month with 20% down at a 7.28% 30-year fixed rate. You would need about $411,880 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $8,211/mo |
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| Property tax (new-buyer reassessed rate) | $837/mo |
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| Homeowners insurance | $562/mo |
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| Total monthly | $9,611/mo |
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| Down payment (20%) | $300,000 |
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| Income needed | $411,880/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+ (64 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+ (64/100) |
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| Beats renting in | 18% of modeled paths |
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| Modeled 5-yr equity (median) | $728,099 |
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| Range (10th to 90th pct) | $424,674 to $1,075,653 |
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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 Zillow