Ranch home in Memphis, TN
Set in Memphis, TN, this Ranch home provides 4 bedrooms and 2 bathrooms across 1,550 square feet. Its Ranch character defines the property's look.
| Price | $239,000 |
|---|
| Beds | 4 |
|---|
| Baths | 2 |
|---|
| Sqft | 1550 |
|---|
| Architectural style | Ranch (67% match) |
|---|
| Address | 5171 Park Ave, Memphis, TN 38119 |
|---|
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 Zillow.
Is this a good buy?
Priced a little under the area.
- At $239K, this home is 41% above the $170K median for 1254 similar Ranch homes in Memphis, TN.
- That works out to $154 per square foot, 32% above the $117 comparable rate.
- On the market 23 days.
| This home | $239,000 |
|---|
| Ranch median in Memphis, TN | $169,900 (1254 homes) |
|---|
| Price per sq ft | $154 vs. $117 comps median |
|---|
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 $1,531/month with 20% down at a 7.28% 30-year fixed rate. You would need about $65,626 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,308/mo |
|---|
| Property tax (new-buyer reassessed rate) | $133/mo |
|---|
| Homeowners insurance | $90/mo |
|---|
| Total monthly | $1,531/mo |
|---|
| Down payment (20%) | $47,800 |
|---|
| Income needed | $65,626/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (59 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 (59/100) |
|---|
| Beats renting in | 12% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $105,884 |
|---|
| Range (10th to 90th pct) | $60,363 to $159,905 |
|---|
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