1002 Kings Park RdMemphisTN38117
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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
Investment property for sale in Memphis at 1002 Kings Park Rd, Memphis, TN, 38117 offers a 10.73% rental yield on a $414,500 purchase with $3,707/mo rent. Total monthly income registers $3,707/mo, and a $2,029/mo payment leaves $1,226/mo available for distribution. Annual cash flow reaches $14,706/yr on $137,407 to close, and return on cash invested stands at 30.61% in year one. Equity gained on principal adds $2,675/yr while 5% annual appreciation supports $114,519 over five years. Portfolio math shows five-year ROI at 159.98% and total cumulative return in cash at $219,824. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,707/mo property income against a $2,029/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.77 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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