1904 Palo Duro DrMemphisTX79245
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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 1904 Palo Duro Dr, Memphis, TX, 79245 offers $912/mo rent that, after a $563/mo payment, leaves $94/mo cash flow. Total monthly income is $912/mo, and annual cash flow is $1,129/yr on $38,123 cash. Return on cash invested measures 22.87% in year one, and rental yield stands at 9.52% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 120.08% and total cumulative return in cash reaches $45,777. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $912/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
N/A 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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Listed by: Tia Van Ryn • Regal, REALTORS
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-1453
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.