1360 Chadwick CirMemphisTN38114
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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 1360 Chadwick Cir, Memphis, TN, 38114 generates $1,183/mo in rent and, after a $857/mo payment, leaves $128/mo in cash flow. Total monthly income is $1,183/mo, and annual cash flow is $1,537/yr on $58,013 invested. Return on cash invested sits at 22.56% in year one, and rental yield is 8.11% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 116.92% and total cumulative return in cash sums $67,831. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,183/mo property income rather than buyer’s personal income.
Multi Family
Built in 1948
8,640 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38114, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,992 (100%) |
| Owner Occupied HU | 4,276 (35.7%) |
| Renter Occupied HU | 5,603 (46.7%) |
| Vacant Housing Units | 2,113 (17.6%) |
| Median Home Value | $87,799 |
| Average Home Value | $198,849 |
Housing Distribution
Address Breakdown
Residential
10,673
Single Family
10,197
Multi-Family
476
Businesses
746
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Listed by: Walter Jones • BEST Real Estate Company
Mls Name: MAAR
Mls Provider:
Mls ID: #10209344
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