1116 N Parkway AveMemphisTN38105
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1116 N Parkway Ave, Memphis, TN, 38105 in Memphis. At $337,500 it earns $2,440/mo in rent and distributes $419/mo to the owner after the $1,518/mo payment, a consistent 8.67% yield. DSCR 1.61 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $93,245 in value; $3,108/yr in principal paydown compounds ownership stake. Total projected return: $154,674.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 9.2% |
| Monthly Cash Flow | $419 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,440 |
| Total Monthly Debt Service | $1,886 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38105, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,041 (100%) |
| Owner Occupied HU | 465 (11.5%) |
| Renter Occupied HU | 2,968 (73.4%) |
| Vacant Housing Units | 608 (15.0%) |
| Median Home Value | $102,911 |
| Average Home Value | $186,490 |
Housing Distribution
Address Breakdown
Residential
3,460
Single Family
1,612
Multi-Family
1,848
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38105, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,041 (100%) |
| Owner Occupied HU | 465 (11.5%) |
| Renter Occupied HU | 2,968 (73.4%) |
| Vacant Housing Units | 608 (15.0%) |
| Median Home Value | $102,911 |
| Average Home Value | $186,490 |
Housing Distribution
Address Breakdown
Residential
3,460
Single Family
1,612
Multi-Family
1,848
Businesses
256
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices