Ranch home in Memphis, TN
This 1,354-square-foot Ranch home in Memphis, TN includes 3 bedrooms and 1 bathroom. Its Ranch character defines the property's look.
| Price | $115,000 |
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| Beds | 3 |
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| Baths | 1 |
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| Sqft | 1354 |
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| Architectural style | Ranch (36% match) |
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| Address | 3439 Hester Ave, Memphis, TN 38111 |
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Why buy this home
- Confirmed Ranch 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 $115K, this home is 32% below the $170K median for 1254 similar Ranch homes in Memphis, TN.
- That works out to $85 per square foot, 27% below the $117 comparable rate.
- New to market (5 days), so expect competition.
| This home | $115,000 |
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| Ranch median in Memphis, TN | $169,900 (1254 homes) |
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| Price per sq ft | $85 vs. $117 comps median |
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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 $737/month with 20% down at a 7.28% 30-year fixed rate. You would need about $31,578 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $629/mo |
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| Property tax (new-buyer reassessed rate) | $64/mo |
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| Homeowners insurance | $43/mo |
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| Total monthly | $737/mo |
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| Down payment (20%) | $23,000 |
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| Income needed | $31,578/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) | $48,819 |
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| Range (10th to 90th pct) | $27,771 to $74,722 |
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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