home in Memphis, TN
Set in Memphis, TN, this condo provides 3 bedrooms and 3 bathrooms across 1,839 square feet.
| Price | $212,000 |
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| Beds | 3 |
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| Baths | 3 |
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| Sqft | 1839 |
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| Address | 427 S Perkins Rd APT 1, Memphis, TN 38117 |
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Why buy this home
- Links directly to the original source listing on Zillow.
Is this a good buy?
Not enough comparable sales to call the price yet.
- On the market 100 days, which is a long time; sellers are often flexible at this point.
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 $1,358/month with 20% down at a 7.28% 30-year fixed rate. You would need about $58,212 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,160/mo |
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| Property tax (new-buyer reassessed rate) | $118/mo |
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| Homeowners insurance | $79/mo |
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| Total monthly | $1,358/mo |
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| Down payment (20%) | $42,400 |
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| Income needed | $58,212/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 | 11% of modeled paths |
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| Modeled 5-yr equity (median) | $92,197 |
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| Range (10th to 90th pct) | $52,454 to $139,230 |
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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