1107 Cherry LnWest MemphisAR72301
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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 West Memphis at 1107 Cherry Ln, West Memphis, AR, 72301 offers a 10.36% rental yield on a $199,000 purchase with $1,718/mo rent. Total monthly income registers $1,718/mo, and a $974/mo payment leaves $522/mo available for distribution. Annual cash flow reaches $6,261/yr on $65,969 to close, and return on cash invested stands at 29.4% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 153.5% and total cumulative return in cash at $101,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,718/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 72301, West Memphis, AR area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,963 (100%) |
| Owner Occupied HU | 4,340 (39.6%) |
| Renter Occupied HU | 5,326 (48.6%) |
| Vacant Housing Units | 1,297 (11.8%) |
| Median Home Value | $138,388 |
| Average Home Value | $160,679 |
Housing Distribution
Address Breakdown
Residential
9,736
Single Family
8,952
Multi-Family
784
Businesses
1,073
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Listed by: Carolyn Foster • Remax Real Estate Today
Mls Name: Eastern Arkansas Realtors Association
Mls ID: #43529