1315 N Boykin Dr #287MemphisTX79245
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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 Memphis at 1315 N Boykin Dr #287, Memphis, TX, 79245 offers a 6.4% rental yield on a $200,000 purchase with $1,066/mo rent. 46% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 69.48% and total cumulative return in cash at $46,064. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,066/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79245, Memphis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,302 (100%) |
| Owner Occupied HU | 714 (54.8%) |
| Renter Occupied HU | 258 (19.8%) |
| Vacant Housing Units | 330 (25.3%) |
| Median Home Value | $85,733 |
| Average Home Value | $118,971 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
928
Multi-Family
0
Businesses
137
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