Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$467
Per Month
Principal & Interest
$400
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$306
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Promise Academy
1346 Bryan St
Distance between this listing and this school0.69 miles
Public Charter Grades KG-5
5
/10
Springdale Elementary School
880 N Hollywood St
Distance between this listing and this school0.75 miles
Public Magnet Grades PK-5
4
/10
Kipp Memphis Academy Elementary School
2248 Shannon Ave
Distance between this listing and this school0.95 miles
Public Charter Grades PK-4
Nearby Schools
3
/10
Kipp Memphis Middle Academy
2110 Howell Ave
Distance between this listing and this school0.22 miles
Public Charter Grades 5-8
3
/10
Snowden School
1870 N Parkway
Distance between this listing and this school1.24 miles
Public Magnet Grades PK-8
3
/10
Believe Memphis Academy Charter School
1250 Vollintine Ave
Distance between this listing and this school1.73 miles
Public Charter Grades 4-7
Nearby Schools
3
/10
Kipp Memphis Collegiate High School
2110 Howell Ave
Distance between this listing and this school0.21 miles
Public Charter Grades 9-12
2
/10
Douglass High School
3200 Mount Olive Rd
Distance between this listing and this school1.89 miles
Public Magnet Grades 9-12
5
/10
Crosstown High School
1365 Tower Ave
Distance between this listing and this school1.95 miles
The neighbors living near this home have an average income of $41,118. The most common annual income of people living in Memphis, TN is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
This home is located at 1143 Springdale St in Memphis, TN and zip code 38108 in the Vollintine-Evergreen neighborhood. This home was built in 1952. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $80,000.
While more than 53 listings in Memphis, TN in October 2024 were sold above asking price, there were more than 103 listings sold at asking price, and more than 252 were sold below. In October 2024 in Memphis, TN there were 22.4% more homes for sale than in September 2024.
From Rocket Homes Real Estate and based on county public records data.