Check out area statistics; real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods--for any safety concerns--for accurate information do contact/visit the local authorities and ask all your questions, hear all there is to hear firsthand.... more
It depends on what area of town you are talking about. Does it have central heat and air, a carport or garage, a front yard and back yard, a fence. A $70K house in Frayser rents differently than one in Bartlett and one downtown versus midtown and so on. Also, is this from an individual or from a property management company - big difference, usually about 10%.
Jo Shaner... more
I specialize in historic properties in Midtown. There are gems out there but there is usually a trade out on price vs. location. Urban pioneers have done well over the years, and investment in the "fringe" areas has paid off. If you want more safety and a better location, you will pay a premium, even for a fixer upper, however long term rewards will also be greater. Please contact me directly for more information.... more