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$55,000
3d
$397/mo
Estimated monthly Section 8 cashflow
Refreshed Jun 1, 2026
2323 Shasta Ave, Memphis, TN 38108
Memphis, TN 38108
2 bd · 1 ba · 946 sqft · Built 1929Seller financing
Est. rent $1,170/mo · HUD 2025 SAFMR · ZIP 38108
$55,000
3d
$397/mo
2323 Shasta Ave, Memphis, TN 38108
Memphis, TN 38108
2 bd · 1 ba · 946 sqft · Built 1929Seller financing
Est. rent $1,170/mo · HUD 2025 SAFMR · ZIP 38108
Refreshed Jun 1, 2026
Fair Market Rent
2-bedroom
2024$1,298
2025$1,170
YoY change-9.9%
2026$1,060
Source: HUD 2025 Fair Market Rent · ZIP 38108
Housing authority (multiple)
- TN045Millington Housing Authority4888 Bill Knight Rd, Millington, TN, 38053Phone
Estimated monthly cashflow
$397
HUD 2025 SAFMR · ZIP 38108
Assumes 25% down · 7.20% APR · 30-yr fixed.
Section 8 rent$1,170
HUD 2025 SAFMR · ZIP 38108
Property tax-$55
From listing data
Cap rate14.8%Cash-on-cash31.0%DSCR2.42
Open the calculator to change assumptions.
Estimates only, based on HUD FMR and conservative defaults. Verify all numbers independently. Not investment advice.
5-year projection
FRED-drivenTotal cashflow
$30,557
Appreciation
$8,760
Total return
255%
Annualized IRR
28.9%
Annual cashflow
Y1
$5,189
Y2
$5,629
Y3
$6,090
Location
Crime Data
FBI 2025Crime rating
5.9/ 10
Moderate reported crime
Violent / 100k
497
Property / 100k
1,657
4.0-6.9 is a mixed signal. Use caution and verify block-by-block.
Source: FBI Crime Data Explorer · Reported rates per 100,000; verify local block-level conditions