Memphis 38111 (Cherokee) Near the 78 and 240

I have a property under contract (Buy and Hold conventional loan) in 38111 Cherokee, a couple blocks from where the 78 meets the 240 on Railton and Parker. The street itself doesn't have many properties worth more than $65,000. However, it looks like blocks surrounding this area have houses close to $100,000. Do you recommend investing in this area? Is it more of a C or D class neighborhood? Looking to make some cash flow. This would be my first real estate investment.