2907 Walker AveMemphisTN38111
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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
Investment property for sale in Memphis at 2907 Walker Ave, Memphis, TN, 38111 uses $66,267 cash to close to unlock $3,741/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,508/mo, and a $978/mo payment keeps the spread at $312/mo. Purchase price stands at $199,900, and rental yield measures 9.05% with $1,508/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 132.85% and total cumulative return in cash records $88,033. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,508/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1958
7,840 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
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