Townhouse / Rowhouse home in Memphis, TN
This Townhouse condo in Memphis, TN offers 3 bedrooms and 2.5 bathrooms. The listing highlights swimming pool and fireplace. The Townhouse styling carries through the home's design.
| Price | $62,500 |
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| Beds | 3 |
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| Baths | 2.5 |
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| Architectural style | Townhouse / Rowhouse (55% match) |
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| Address | 4040 Graham Oaks Ct Unit 21, Memphis, TN 38122 |
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Why buy this home
- Confirmed Townhouse / Rowhouse architecture, matched from the listing photos by Enzo's vision model.
- Features: fireplace, swimming pool.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced below comparable homes.
- At $63K, this home is 67% below the $190K median for 140 similar Townhouse / Rowhouse homes in Memphis, TN.
- On the market 29 days.
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. No square footage is listed, so the per-square-foot comparison is not available. 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 $400/month with 20% down at a 7.28% 30-year fixed rate. You would need about $17,162 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $342/mo |
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| Property tax (new-buyer reassessed rate) | $35/mo |
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| Homeowners insurance | $23/mo |
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| Total monthly | $400/mo |
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| Down payment (20%) | $12,500 |
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| Income needed | $17,162/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 B- (69 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 | B- (69/100) |
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| Beats renting in | 27% of modeled paths |
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| Modeled 5-yr equity (median) | $32,252 |
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| Range (10th to 90th pct) | $19,933 to $46,752 |
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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 Estately