1960 N Pkwy APT 1002MemphisTN38112
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1960 N Pkwy APT 1002, Memphis, TN, 38112 in Memphis hard to pass up. The 11.29% gross yield on a $159,950 purchase results in $1,505/mo in rent and $547/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.09). Annual cash flow of $6,568, five-year appreciation of $44,191, and $1,473/yr in equity build-up combine for a projected total cumulative return of $95,795.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 9.2% |
| Monthly Cash Flow | $547 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,505 |
| Total Monthly Debt Service | $894 |
| DSCR Ratio | 1.68x |
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.
Condo
Built in 1977
2.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38112, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,403 (100%) |
| Owner Occupied HU | 3,067 (36.5%) |
| Renter Occupied HU | 3,988 (47.5%) |
| Vacant Housing Units | 1,348 (16.0%) |
| Median Home Value | $268,994 |
| Average Home Value | $310,390 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,245
Multi-Family
1,223
Businesses
653
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
Condo
Built in 1977
2.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38112, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,403 (100%) |
| Owner Occupied HU | 3,067 (36.5%) |
| Renter Occupied HU | 3,988 (47.5%) |
| Vacant Housing Units | 1,348 (16.0%) |
| Median Home Value | $268,994 |
| Average Home Value | $310,390 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,245
Multi-Family
1,223
Businesses
653
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices