1231 Cherrydale CvMemphisTN38111
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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 1231 Cherrydale Cv, Memphis, TN, 38111 generates $3,018/mo in rent and, after a $2,427/mo payment, leaves $50/mo in cash flow. Total monthly income is $3,018/mo, and annual cash flow is $596/yr on $164,391 invested. Return on cash invested sits at 20.27% in year one, and rental yield is 7.3% on a $495,900 entry. Equity gained on principal adds $3,200/yr, while 5% annual appreciation builds toward $137,008 over five years. Five-year ROI reaches 104.52% and total cumulative return in cash sums $171,821. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,018/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38111, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,908 (100%) |
| Owner Occupied HU | 7,870 (39.5%) |
| Renter Occupied HU | 9,606 (48.3%) |
| Vacant Housing Units | 2,432 (12.2%) |
| Median Home Value | $250,414 |
| Average Home Value | $333,005 |
Housing Distribution
Address Breakdown
Residential
18,972
Single Family
15,015
Multi-Family
3,957
Businesses
1,101
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