3040 Edgeware Rd SMemphisTN38118
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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 3040 Edgeware Rd S, Memphis, TN, 38118 offers $1,245/mo rent that, after a $617/mo payment, leaves $490/mo cash flow. Total monthly income is $1,245/mo, and annual cash flow is $5,885/yr on $41,769 cash. Return on cash invested measures 34% in year one, and rental yield stands at 11.86% at a $126,000 entry. Equity gained on principal adds $813/yr while 5% annual appreciation compounds into $34,811 by year five. Five-year ROI records 178.23% and total cumulative return in cash reaches $74,443. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,245/mo property income versus a $617/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38118, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,833 (100%) |
| Owner Occupied HU | 5,678 (35.9%) |
| Renter Occupied HU | 7,816 (49.4%) |
| Vacant Housing Units | 2,339 (14.8%) |
| Median Home Value | $93,910 |
| Average Home Value | $193,602 |
Housing Distribution
Address Breakdown
Residential
14,981
Single Family
12,533
Multi-Family
2,448
Businesses
2,044
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