1740 Merrycrest DrMemphisTN38111
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.22% yield at 1740 Merrycrest Dr, Memphis, TN, 38111 in Memphis is solid, but the $792/mo payment compresses net cash flow to $173/mo at $176,100. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $48,653 by year five, and $1,622/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.73) without U.S. income documentation. Total projected return: $86,531.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 9.2% |
| Monthly Cash Flow | $173 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,370 |
| Total Monthly Debt Service | $991 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1956
6,969 sqft 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
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
Single Family
Built in 1956
6,969 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices