1043 Park Court DrMemphisTN38119
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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 1043 Park Court Dr, Memphis, TN, 38119 priced at $258,500 converts $1,915/mo rent into $233/mo cash flow after a $1,265/mo obligation. Total monthly income equals $1,915/mo, and annual cash flow totals $2,798/yr on $85,693 invested. Return on cash invested prints 23.17% in year one, and rental yield reads 8.89% against a $258,500 entry. Equity gained on principal adds $1,668/yr, while 5% annual appreciation compiles into $71,419 by year five. Five-year ROI reaches 120.81% and total cumulative return in cash sums $103,527. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,915/mo property income covering a $1,265/mo payment, not borrower’s personal income.
Townhouse
Built in 1984
2,178 sqft lot
$N/A/sqft
$900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38119, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,218 (100%) |
| Owner Occupied HU | 5,837 (52.0%) |
| Renter Occupied HU | 4,727 (42.1%) |
| Vacant Housing Units | 654 ( 5.8%) |
| Median Home Value | $363,311 |
| Average Home Value | $399,235 |
Housing Distribution
Address Breakdown
Residential
11,329
Single Family
8,319
Multi-Family
3,010
Businesses
1,112
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Listed by: Renee Rucker • KAIZEN Realty, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10184459
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