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812 Normal Cir, Memphis, TN, 38111

2beds
1baths
1,136sqft
$119,900
$106price/sqft
$1,040/moest. monthly cost
$41,600/yrincome needed

About This Home

Incredible investment opportunity available with tremendous cash flow and huge potential upside! This home is currently rented for $1095/mo with a market rent of $1200/mo. Multiple properties available. Homes can be bought individually or in bulk. All homes are professionally managed. Most all of these are tenant occupied AND have value add upside. Many of these homes have had significant rehab done in the past few years. This could be an amazing opportunity. Do not approach or disturb tenants. No showigns without an accepted offer. No wholesale, creative finance or seller finance.

Getting Around

66
WalkingSomewhat Walkable
32
TransitSome Transit
66
BikeBikeable

Schools

4/10
5/10
Sherwood Middle SchoolGrades 6-81.0 mi
3/10
Melrose High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1950

Materials

  • Construction materials: Brick Veneer,Wood/Composition

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • All Bedrooms Down,Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
  • Flooring: Part Carpet
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,136 sqft

Kitchen

  • Features: Pantry

Property

Details

  • Parcel number: 046039 00020

Features

  • Stories: 1
  • Pool features: None
  • Exterior features: Other (See REMARKS)

Lot

  • Lot size: 7,405 sqft
  • Features: Level
  • Lot size dimensions: 60 x 130

Parking

  • Total spaces: 1
  • Parking features: Driveway/Pad
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Tornado

FEMA Declared Disasters Across Tennessee Counties

Flood
Freezing
Severe Ice Storm
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $606$7,272
Home Insurance $163$1,956
Property Taxes $96$1,152
Electricity $175$2,103
Total$1,040$12,480

Income You'd Need if You Spent...

35% on housing$35,657/yr
40% on housing$31,200/yr
45% on housing$27,733/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.5%
6.5%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$106This listing

vs Other Active Listings

Avg $/sqft

ZIP 38111$103
Shelby County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 38111$145
Shelby County$132

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-08Listed for sale$120,000
2021-09-11Listing removed--
2021-08-23Listed for rent$975
2021-03-24Listing removed--
2020-01-10Listing removed$1,020
2019-12-03Listed for rent$1,020
2017-07-18Listing removed$975
2017-07-17Listed for rent$975
2014-01-13Listing removed$900
2013-12-20Listed for rent$900
2013-08-10Listing removed$900
2013-08-07Listed for rent$900
2011-11-28Listing removed$890
2011-11-04Price change$890
2011-09-30Price change$975
2011-08-30Listed for rent$999
2006-09-05Sold$76,000

For Sale by Agent

AgentWilliam H Haynes
BrokerageCrye-Leike, Inc., REALTORS

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