1148 Encanto RdMemphisTN38109
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1148 Encanto Rd, Memphis, TN, 38109 in Memphis deserves attention. This $125,000 property earns $1,303/mo in rent, a 12.51% gross yield, and nets $555/mo after the $562/mo payment. DSCR 2.32 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $34,535 compounds alongside $1,151/yr in yearly equity build, for a total cumulative return of $83,023.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 9.2% |
| Monthly Cash Flow | $555 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,303 |
| Total Monthly Debt Service | $699 |
| DSCR Ratio | 1.87x |
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 1972
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38109, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,972 (100%) |
| Owner Occupied HU | 9,547 (53.1%) |
| Renter Occupied HU | 6,898 (38.4%) |
| Vacant Housing Units | 1,527 ( 8.5%) |
| Median Home Value | $88,739 |
| Average Home Value | $184,766 |
Housing Distribution
Address Breakdown
Residential
17,406
Single Family
16,796
Multi-Family
610
Businesses
700
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 1972
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38109, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,972 (100%) |
| Owner Occupied HU | 9,547 (53.1%) |
| Renter Occupied HU | 6,898 (38.4%) |
| Vacant Housing Units | 1,527 ( 8.5%) |
| Median Home Value | $88,739 |
| Average Home Value | $184,766 |
Housing Distribution
Address Breakdown
Residential
17,406
Single Family
16,796
Multi-Family
610
Businesses
700
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices