10 Goodway LnMemphisTN38117
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Memphis at 10 Goodway Ln, Memphis, TN, 38117 priced at $1,095,000 pairs $3,769/mo rent with after a $5,359/mo payment. Total monthly income equals $3,769/mo. Return on cash invested is 10.45% in year one, and rental yield stands at 4.13% on a $1,095,000 basis. Equity gained on principal adds $7,066/yr, and 5% annual appreciation accumulates to $302,528 by year five. Five-year ROI measures 51.94% and total cumulative return in cash reaches $184,258. For financing, Ziffy Mortgage’s DSCR program evaluates $3,769/mo property income against a $5,359/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
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Listed by: Cat Wright • The Firm
Mls Name: MAAR
Mls Provider:
Mls ID: #10183558
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