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3430 Hendricks Ave, Memphis, TN, 38111

2beds
1baths
825sqft
$71,900
$87price/sqft
$693/moest. monthly cost
$27,720/yrincome needed

About This Home

Incredible investment opportunity available with tremendous cash flow and huge potential upside! This home is rented for $725/mo with a market rent of $1000/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

24
WalkingCar-Dependent
27
TransitSome Transit
40
BikeSomewhat Bikeable

Schools

4/10
Sharpe Elementary SchoolGrades PK-50.5 mi
5/10
Sherwood Middle SchoolGrades 6-80.5 mi
3/10
Overton High SchoolGrades 9-122.6 mi

Construction

Condition

  • Year built: 1950

Materials

  • Construction materials: 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

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 825 sqft

Kitchen

  • Features: Pantry

Property

Details

  • Parcel number: 058010 00037

Features

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

Lot

  • Lot size: 7,405 sqft
  • Features: Level
  • Lot size dimensions: 60 x 125

Parking

  • Parking features: Driveway/Pad
  • 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 WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Inland Flooding
Tornado
Lightning

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 $363$4,356
Home Insurance $97$1,164
Property Taxes $58$696
Electricity $175$2,103
Total$693$8,316

Income You'd Need if You Spent...

35% on housing$23,760/yr
40% on housing$20,790/yr
45% on housing$18,480/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

$87This 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$72,000
2021-05-21Sold$31,446
2021-03-24Listing removed--
2020-01-10Listing removed$625
2020-01-08Listed for rent$625
2017-03-07Listing removed$600
2017-03-03Listed for rent$600
2015-10-22Listing removed$600
2015-10-06Listed for rent$600
2015-02-05Listing removed$595
2015-01-18Listed for rent$595
2013-10-25Listing removed$595
2013-10-16Listed for rent$595
2013-04-04Listing removed$595
2013-03-26Listed for rent$595
2005-03-14Sold$34,100
1997-03-14Sold$35,000

For Sale by Agent

AgentWilliam H Haynes
BrokerageCrye-Leike, Inc., REALTORS

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