1044 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
Rental property for sale in Memphis at 1044 Kings Park Rd, Memphis, TN, 38117 generates $2,108/mo in rent and, after a $1,541/mo payment, leaves $223/mo in cash flow. Total monthly income is $2,108/mo, and annual cash flow is $2,679/yr on $104,389 invested. Return on cash invested sits at 22.48% in year one, and rental yield is 8.03% on a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 116.37% and total cumulative return in cash sums $121,474. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,108/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.38 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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