1168 S Perkins 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 1168 S Perkins Rd, Memphis, TN, 38117 priced at $232,000 converts $2,246/mo rent into $857/mo cash flow after a $1,136/mo obligation. Total monthly income equals $2,246/mo, and annual cash flow totals $10,281/yr on $76,908 invested. Return on cash invested prints 33.28% in year one, and rental yield reads 11.62% against a $232,000 entry. Equity gained on principal adds $1,497/yr, while 5% annual appreciation compiles into $64,097 by year five. Five-year ROI reaches 174.27% and total cumulative return in cash sums $134,027. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,246/mo property income covering a $1,136/mo payment, not borrower’s personal income.
Single Family
Built in 1952
9,147 sqft 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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