Sample read · a real read on a real parcel, generated from recorded documents
In Pro, this page carries your name and brokerage, not ours.
The sample read

1755 GEORGIAN DR, Memphis 38127

One real Memphis parcel, rendered as the signed-in product renders it. Every number on this page came out of the live engine on July 11, 2026 and traces to a recorded county document or a tracked listing. Where a record does not exist, the page says so. Nothing here is mocked.

B assumes a market-standard refresh: paint, floors, kitchen and bath updates, mechanicals as needed. A and C re-anchor to the light and heavy ends of the realized spread.
Investor lens · all three exits, then run it on your terms
Flip spread
$66,337
Rent
$1,400/mo
STR
/yr
Spread = ARV $202K minus as-is $99K minus implied rehab $37K, before financing and carry. At the $99K as-is basis this clears the 70% rule: the max buy is $105,010. In the live read every term is yours to change.

The read is a ladder. Each band below is one ring of the product, labeled with where it sits on the price ladder: R0 and R1 are free for everyone, R2 is the paid read, R3 is the lender ring, R4 and R5 open with the lender API. The sample shows the rings below unlocked.

R0

Identity

Free for everyone

Who owns it, what it is, what the county says it is worth, and every recorded document on file. The floor of the read; everything above stands on it.

Identity on record · parcel 071012 00010
owner: Owner of record on file (named in the live read)owned 0.1 yrs, bought $190K (last recorded sale 2026-06)4/2 bd/ba2,501 sfbuilt 1959appraised $163Ktax $2,243/yr
The record file
Deeds on record 4 records
RecordedDocumentFromToConsiderationInstrument
2026-06-22Warranty DeedPINEIRO INVESTMENT GROUP LLCWELLS JR JESSICA C WELLS JR ROBERT$190K26051600
2026-06-22Trust DeedWELLS JR ROBERT; WELLS JESSICA CHUNTINGTON NATIONAL BANK; SPORE JERRY P TR$190K26051601
2026-04-10Warranty DeedLO PAUL POwner of record on file (named in the live read)$77K26027274
2026-04-10Trust DeedOwner of record on file (named in the live read)KIAVI FUNDING INC; AMERICAN REALTY TITLE LLC TR$126K26027275
Permits none
no permits on record
Eviction filings none
no eviction filings on record (court coverage begins Jun 2026)
Foreclosure notices none
no foreclosure notices on record (notice coverage begins Jan 2023)
R1

Three realized exits

Free for everyone

What this house sells for flipped, rents for long-term, and grosses short-term, side by side, each column standing on realized records: the lease evidence first, the short-term evidence second, the flip ladder third.

1755 GEORGIAN DR, 38127
◉ comp match 91% · high · 12 flip / 50 rent comps · newest resale 2026-06
Flip saleLong-term rentShort-term rent
The outcome $66,337 one-time
spread before financing and carry: ARV $202K minus as-is $99K minus implied rehab $37K
$1,400/mo
middle band $1,256 to $1,538, the 25th to 75th percentile of the scored set
/yr gross
– nightly at –% occupancy, range – to –
Indicated value today $202,245
ARV at standard finish, sales approach from 12 scored resales; assumes the $37K implied rehab gets done
$114,240
$16,800/yr capitalized at the zip’s realized price-to-rent of 6.8, computed from 40 parcels here that both sold on record and leased in our tracked listings (pair spread 1.3 to 12.2)
no honest multiple: 0 short-term rentals in this zip have a recorded sale in 3 years, and the sale dates do not line up with their revenue windows
Years to equal the flip check
this column is the one-time check the other two are measured against
about 3.9 years
$66,337 ÷ $16,800/yr of rent
needs a revenue read
The evidence 12 realized resales
scored flip resales behind the ARV, newest 2026-06
50 scored comps
28 leased in the last 150 days, the rest currently listed
– scored comps
zip-level basis, matched on bedrooms
Years to equal is a gross screen: flip proceeds divided by annual gross income, before expenses, effort, and risk on either path. A sale is a one-time check; rent and short-term revenue recur. The bridge is labeled, never hidden.
How to weigh the columns: the rent figure stands on 50 scored comps, 28 of them realized leases (the most evidence on this page); the flip figures stand on 12 realized resales, newest 2026-06; the short-term figure rests on – comps at a zip-level basis, range – to –/yr. Nothing is averaged into a single score and no column is a recommendation. The numbers sit side by side; which exit fits depends on your capital and timeline.

The free landing-page read prices this zip and bedroom class wide. This page is the same address tightened to the parcel: 12 scored flip resales, time-adjusted, comp match 91%. This zip is flipped-in-volume territory: 753 realized rehab-flip resales in the trailing 5 years, 291 of them inside the last 24 months, which is why the ladder on this page reads fresh.

This page is rendered in the investor lens. In the live read the same record re-orders for your seat: property managers get rent and days-to-fill first, lenders get as-repaired value, day-one cover, and confidence first.

The lease exit · the evidence
The $1,400/mo in the comparison table above comes from the leases and listings below. Scored rent $1,400/mo, the median of 50 scored comps (28 leased in the last 150 days, the rest currently listed). Middle band $1,256 to $1,538/mo, the 25th to 75th percentile of the 50. The 8 closest comps are shown below; the full observed spread runs $995 to $1,750. Time to lease is observed: days from first listed to leased (active comps show days on market so far).
CompBd/BaSizeTime to leaseRentFirst askDist
3692 Irma St4 bd4d, leased$1,095same1.2mi
2601 Saint Elmo Ave4 bd11d, leased$1,275same1.6mi
691 Creekstone Cir4 bd4d, leased$1,395same3.5mi
3599 Suzanne Dr, Memphis, TN 381274 bd38d, leased$1,095$1,125, cut1.3mi
3490 Ardmore St4/21,650 sf21d, active$1,500same1.3mi
3805 Lake Park Cv4/21,255 sf21d, active$1,395$1,450, cut2.2mi
2645 Mirror Ave4/21,222 sf21d, active$1,465same2.2mi
2923 Lake Park Rd4/21,387 sf9d, active$1,750same2.2mi
Capitalized at the zip’s realized price-to-rent of 6.8 (40 recorded sale-lease pairs), this rent supports the $114,240 indicated value in the comparison table above. Source: tracked rental listings, rent read as of 2026-07-06, pulled 2026-07-11.
Days on market at the ask tiers
~15 days at market
Market, $1,375/mo median~15 days
Realized median days on market to lease, 214 tracked listings, 28 leased events (zip + beds). At this volume the ask tiers do not separate cleanly by price (their medians sit inside the noise), so only the market clock is shown: this pocket leases on condition more than on price. Numbers only.
Loss to lease, area level
$263/mo between top asks and achieved
Top asks, 75th pct of 50 active 4-bed listings$1,538/mo
Achieved, median of 27 leases signed$1,275/mo
Achieved, top quartile$1,500/mo
Computed at the zip level from our rent tables, trailing 150 days: what the top of the market asks vs what signed leases actually achieved. Never parcel-level; no observed rent for this house is used. The gap is the area’s loss to lease. Numbers only.
The short-term exit · the evidence
The –/yr in the comparison table above comes from the operating short-term rentals below. Short-term revenue –/yr at – nightly and –% occupancy, the median of – scored comps. Nearby operating short-term rentals, matched to their street address (the scored set draws from these and others in the ZIP):
CompBd/BaNightlyOccRevenue / yrDist
This revenue is not capitalized into an indicated value: 0 short-term rentals in this zip have a recorded sale in three years, and the sale dates do not line up with their revenue windows, so the comparison table above shows a dash with that reason. Source: tracked short-term rental calendars, revenue read as of –, pulled 2026-07-11.
LTR vs STR, one yardstick
Long-term gross / yr$16,800 ($1,400/mo)
Short-term gross / yr– typical
Difference+–/yr toward STR
Same yardstick: gross annual revenue before operating costs. Short-term carries materially higher costs (turnover cleaning, utilities, supplies, furnishing) and seasonal swing; long-term is one tenant and fewer moving parts. Numbers only, the owner decides.
STR amenity upside (Memphis market)
pool+15.75%  13% have it
hot tub+10%  3% have it
Revenue lift associated with each amenity across the Memphis short-term market. High lift plus low penetration is the add-to-win. The list is filtered to levers you can physically add to a Memphis house. Numbers only.
The flip exit · the evidence
The $202,245 indicated value and the $66,337 spread in the comparison table above come from the resales below. ARV $202K at standard finish, from 12 renovated-flip resales scored by proximity, size (GLA), beds, baths, age and recency, normalized to this home per square foot, then time-adjusted to today’s price level with the zip home-value index ($/sf then vs now below). The median time-adjusted value is the ARV. Confidence 91%. Tap a comp address for photos. Dimmed rows sold more than 24 months ago. Every nearby sale of any kind is in the receipts below.
CompBd/BaSizeSoldBuyResold$/sf then$/sf nowUpliftHeldMatchDist
1755 GEORGIAN DR4/22,501 sf2026-06-22$77K$190K$76$76146.6%73d1000mi
1849 TOWNSEND AVE3/22,194 sf2025-08-04$10K$230K$105$1002200%361d810.16mi
1897 SAINT ELMO AVE4/32,464 sf2022-07-12$21K$35K$14$1366.7%292d770.29mi
1843 SAINT ELMO AVE3/21,835 sf2025-02-11$80K$170K$93$85112.5%133d700.2mi
3620 HALLBROOK ST4/21,638 sf2026-02-02$81K$150K$91$8985.5%224d700.45mi
3302 PAULLUS CV4/2.52,824 sf2025-11-24$115K$188K$66$6463%206d680.99mi
3642 HALLBROOK ST3/21,909 sf2024-10-03$91K$160K$84$8075.2%132d670.42mi
4034 CONRAD CV3/21,768 sf2025-12-16$100K$143K$81$7843.3%179d670.44mi
3946 BALFOUR ST3/1.51,724 sf2024-04-09$75K$143K$83$8290.5%203d620.29mi
1691 GOWAN DR4/21,680 sf2024-09-10$60K$157K$93$90161.5%111d620.69mi
3957 BALFOUR ST3/21,621 sf2024-01-03$76K$138K$85$8681.5%152d600.3mi
1971 SAINT ELMO AVE3/1.52,010 sf2022-07-19$47K$145K$72$63207.4%154d600.42mi
Second evidence tier, refi-implied: 10 nearby homes were bought, renovated, and refinanced instead of sold. Implied value = the new loan at a 75% LTV appraisal. A bank underwrote each one, but it is not a resale, so it never mixes into the ARV above. Blanket loans covering multiple properties are excluded.
CompBd/BaSizeBoughtBuyRefiNew loanImplied value$/sfDist
1786 WOODBURN DR3/22,180 sf2026-01-16$74K2026-06-15$146K$194K$890.5mi
3405 MEDFORD CV3/21,830 sf2025-10-03$40K2026-05-21$143K$191K$1040.76mi
3916 N WATKINS ST3/12,744 sf2025-08-08$90K2026-03-27$135K$180K$660.26mi
1598 FRAYSER BLVD3/1.51,810 sf2025-08-08$40K2025-12-11$140K$186K$1030.84mi
1454 TODDS CREEK CV4/21,634 sf2025-01-13$55K2025-09-12$114K$152K$930.73mi
1434 TODDS CREEK CV4/21,634 sf2025-01-13$60K2025-07-18$116K$155K$950.81mi
1429 TODDS CREEK CV4/21,634 sf2025-01-13$65K2025-06-16$114K$152K$930.77mi
4074 SLUMBER LN3/21,580 sf2025-01-15$110K2025-05-21$125K$167K$1050.92mi
1911 COVENTRY DR3/21,922 sf2024-12-19$67K2025-04-24$132K$176K$920.66mi
1417 TODDS CREEK CV4/21,672 sf2025-01-13$65K2025-04-22$116K$155K$930.81mi
These resales set both the ARV and the spread in the comparison table above. Source: Shelby County recorded deeds, pulled 2026-07-11; comp prices time-adjusted to today.
The flip record
Flip history, this parcel 1 record
BoughtBuySoldSellUpliftHeldAcq lenderPermitsUnpermitted work
2026-04-10$77K2026-06-22$190K147%73KIAVI FUNDING INC0YES, no permit on record
Permit coverage begins Jan 2018. Flips before that show a dash, not a verdict.
Refi value events (buy, rehab, refinance) none
no buy-rehab-refinance events on record (trust-deed coverage starts Jul 2024)
Nearby sales, all kinds (24 mo) 12 records
CompSoldBd/BaSizePrice$/sfDist
3660 OVERTON CROSSING ST2026-06-224/32,132 sf$57K$270.76mi
3486 STEELE ST2026-06-013/21,782 sf$125K$700.79mi
3560 STEELE ST2026-05-063/2.51,537 sf$130K$850.69mi
3502 MARK TWAIN ST2026-04-223/11,554 sf$98K$630.85mi
3802 UNIVERSITY CV2026-04-224/21,790 sf$25K$140.9mi
2005 WELLONS AVE2026-03-173/11,684 sf$72K$430.66mi
1715 CLEOFORD AVE2026-03-033/11,647 sf$122K$740.25mi
4009 MACAULAY CV2026-03-023/21,636 sf$183K$1120.38mi
1675 GEORGIAN DR2026-02-064/2.52,441 sf$165K$680.18mi
3530 KENSETT DR2026-02-064/21,528 sf$20K$130.56mi
3620 HALLBROOK ST2026-02-024/21,638 sf$150K$910.45mi
1740 CARLYLE RD2026-01-204/21,668 sf$136K$820.29mi
R2

Your terms

Paid ring · shown unlocked on this sample

The spreadsheet replacement: every number that drives the deal in one view, grouped the way you actually work it. Acquisition, work, exit, hold. In the full read every one of these is yours to change; the record is the starting point, your numbers finish it.

Run it on your terms seeded from the read
Acquisition
As-is, investor basis
$99,346
Flipper max purchase, the 70% rule
$105,010
Max to pay & still assign
$95,010
at a $10,000 assignment fee
Work
Implied rehab, typical
$36,562
Realized range
$23,859 to $58,792
what comparable flips’ buy-to-resale spreads imply the work cost. Implied from records, not an invoice.
Exit
ARV, standard finish
$202,245
Spread before financing and carry
$66,337
Lender loan at 70% LTV of ARV
$141,572
Hold
Rent
$1,400/mo
$16,800/yr gross
Short-term revenue
/yr
typical, gross
DSCR · cap rate · cash-on-cash
need your financing terms; this public sample carries none. In the full read your rate and term light these up.
376 realized flips in this zip in the last 24 months, gross spread band $42K to $84K (median $67K). This one pencils at $66,337 before carry. Spread here is the recorded resale minus the recorded buy, all flip classes, live-queried at bake.
Implied rehab $36,562, range $23,859 to $58,792: what the buy-to-resale spreads of comparable flips imply the work cost at a 70% basis. Implied from records, not an invoice. In the live read you set your own number.
These anchors are read from the realized comp ladder above, at condition B and a $10,000 assignment fee. In the live product every one of them is editable: buy price, rehab, rate and term, rent, occupancy, hold. MAO, flip P&L, DSCR, cap rate, cash-on-cash and refi cash-left-in recompute as you type, and an edited cell is flagged as your number, so the record stays the anchor. This is arithmetic on recorded outcomes, not advice. Numbers only, you decide.
The condition-transition matrix 4 paths
The decision a buyer actually makes is a class transition: buy at C and improve to B, push B to A, or hold as-is. The paths below are priced from the same realized ladder, side by side.
PathCost to get thereExit valueRentShort-termThe character of the path
C to Bbuy rough, standard improve $58,792heavy end of the realized rehab band; a rough start implies the full job $202,245ARV at standard finish, the same scored resales $1,400/moB tier, median of the scored set –/yrtypical of the operating band value-add playthe full job, the standard exit
B to Apremium improve the records price full jobs to a standard finish; they do not isolate a premium increment from an average start $217,489retail-finish tier of the same resales $1,538/moA tier, 75th percentile of the scored set –/yrtop of the operating band premium finish playpaid back at the exit and the top of both rent bands
C to Chold as-is, rough $0no rehab $70,982rough end of what investors here actually paid, realized buy side $1,256/moC tier, 25th percentile of the scored set the operating band above is guest-ready, furnished units; no realized revenue for an unimproved hold to draw from as-is cash flow playC rent tier, no capital in
B to Bhold as-is, average $0no rehab $99,346typical realized investor buy basis here $1,400/moB tier, median of the scored set the operating band above is guest-ready, furnished units; no realized revenue for an unimproved hold to draw from as-is cash flow playB rent tier, no capital in
The decision is a class transition: a wholesaler reads C to B for the flip spread, buy-and-hold reads the hold rows for cash flow, BRRRR reads C to B with the refi lens. Rent tiers are the 25th / 50th / 75th percentiles of the same 50-comp scored set above. Exit values and rehab read from the condition-anchored ladder: A and C re-anchor to the light and heavy ends of the realized spread. In the full read the condition chip up top picks your row and the terms grid inherits it. No verdict here; the paths sit side by side and you pick.
Likely takers
The operators competing for houses like this one and what they typically pay to acquire, from recorded deeds, compared against the $105,010 flipper max behind this read.
Active in 38127
OperatorBuys 24mo / allTypical buyVs flipper maxTop lenderLast buy (this zip)Latest buy anywhere
901 2 0 LLC62 / 89$89K$17K belowINDEPENDENT BANK2026-01-202026-05-18, 1 in 90d
MID SOUTH HOMEBUYERS LLC56 / 136$53K$52K belowFIRST COMMUNITY BANK2025-12-292026-05-08, 2 in 90d
MEMPHIS INVESTMENT PROPERTIES IV LLC30 / 38$62K$43K below2026-01-212026-04-15, 1 in 90d
MEMPHIS INVESTMENT HOUSES LLC11 / 20$70K$35K belowKIAVI FUNDING INC2025-06-132025-09-29
SUNDIAL INVESTMENT CO LLC7 / 7$45K$60K belowLEJWA DIEGO2026-03-032026-04-30, 6 in 90d
County-wide operators who buy at this number
OperatorBuys 24moTypical buyVs flipper maxTop lenderLast flip buyLatest buy anywhere
REI NATION LLC185$132K$27K aboveGUARANTY BANK AND TRUST CO2026-03-132026-06-08, 10 in 90d
MEMPHIS TURNKEY PROPERTIES GP15$100K$5,010 belowMEDALLION FINANCIAL SERVICES LLC2025-03-032026-04-02
NANDRAJOG LAKSH15$145K$40K aboveINDEPENDENT BANK2026-02-052026-05-18, 1 in 90d
FOREFRONT ONE LLC7$123K$18K aboveJRV LLC2025-07-242026-04-14, 1 in 90d
L AND L HOME SOLUTIONS GP7$104K$1,010 belowPLANTERS BANK AND TRUST CO2024-08-21
Green means their typical buy clears (or comes within 10% of) that number. The flip columns count completed buy-and-resell pairs only; Latest buy anywhere is the operator’s newest recorded purchase countywide, resold or not, which is why it can run newer. Numbers only, you pick the buyer.
R3

Confidence

Lender ring

How much weight the numbers above can carry: comp density and match, permit validation, exit liquidity, margin of safety. In the product this ring rides with the lender API and the loan file; the sample shows it unlocked so you can see what a file gets.

Comp density & match
91% comp match
Scored flip resales12 at 1mi
Rent comps50 (28 leased)
Short-term comps–, – basis
Density tier thick: 624 realized flips in the zip + bedroom class overall, 12 scored onto this house.
Permit validation
0 permits on file, this parcel
No permit on record. County coverage begins Jan 2018; work before that shows a dash, not a verdict. Renovation claims on comps are checked against the same file.
Exit liquidity
176 days median hold
Realized hold band (25th to 75th)133 to 232 days
Buy to resale on the realized flips behind this read: how long money is actually in a deal like this here.
Margin of safety
$60,674 at completion
ARV, standard finish$202,245
Loan at 70% LTV$141,572
The cushion between the as-repaired value and the loan if the exit disappoints. Day-one cover for the file.
R4-R5

Scenario & timing

Enterprise

R4 is portfolio modeling across a collateral file: this same read run over every parcel a lender holds, netted into one exposure picture. R5 is market cycle position: where this zip sits in its own realized cycle. These rings open with the lender API and get co-built with early partners. Nothing on this page is mocked, so there are no numbers to show here yet.

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