1403 Whitewater RdMemphisTN38117
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
Investment Highlights
Rental property for sale in Memphis at 1403 Whitewater Rd, Memphis, TN, 38117 priced at $289,500 pairs $2,096/mo rent with $289/mo cash flow after a $1,417/mo payment. Total monthly income equals $2,096/mo, and annual cash flow comes to $3,464/yr on $95,969 invested. Return on cash invested is 23.52% in year one, and rental yield stands at 8.69% on a $289,500 basis. Equity gained on principal adds $1,868/yr, and 5% annual appreciation accumulates to $79,984 by year five. Five-year ROI measures 122.27% and total cumulative return in cash reaches $117,339. For financing, Ziffy Mortgage’s DSCR program evaluates $2,096/mo property income against a $1,417/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank Malvezzi • CB Properties of Memphis, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10184628
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright 2024 Memphis Area Association of REALTORS.