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$92,900
27d
$419/mo
Estimated monthly Section 8 cashflow
Refreshed Jun 1, 2026
950 Norfleet Ave, Memphis, TN 38109
Memphis, TN 38109
3 bd · 1 ba · 1,004 sqft · Built 1970Seller financing
Est. rent $1,540/mo · HUD 2025 SAFMR · ZIP 38109
$92,900
27d
$419/mo
950 Norfleet Ave, Memphis, TN 38109
Memphis, TN 38109
3 bd · 1 ba · 1,004 sqft · Built 1970Seller financing
Est. rent $1,540/mo · HUD 2025 SAFMR · ZIP 38109
Refreshed Jun 1, 2026
Fair Market Rent
3-bedroom
2024$1,711
2025$1,540
YoY change-10.0%
2026$1,430
Source: HUD 2025 Fair Market Rent · ZIP 38109
Housing authority (multiple)
- TN045Millington Housing Authority4888 Bill Knight Rd, Millington, TN, 38053Phone
Estimated monthly cashflow
$419
HUD 2025 SAFMR · ZIP 38109
Assumes 25% down · 7.20% APR · 30-yr fixed.
Section 8 rent$1,540
HUD 2025 SAFMR · ZIP 38109
Property tax-$93
From listing data
Cap rate11.5%Cash-on-cash19.3%DSCR1.89
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
$34,006
Appreciation
$14,797
Total return
188%
Annualized IRR
23.5%
Annual cashflow
Y1
$5,586
Y2
$6,167
Y3
$6,773
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