3093 Goforth WayMemphisTN38134
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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 3093 Goforth Way, Memphis, TN, 38134 priced at $249,800 converts $1,709/mo rent into $72/mo cash flow after a $1,223/mo obligation. Total monthly income equals $1,709/mo, and annual cash flow totals $870/yr on $82,809 invested. Return on cash invested prints 20.96% in year one, and rental yield reads 8.21% against a $249,800 entry. Equity gained on principal adds $1,612/yr, while 5% annual appreciation compiles into $69,015 by year five. Five-year ROI reaches 108.98% and total cumulative return in cash sums $90,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,709/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 2005
2,178 sqft lot
$N/A/sqft
$1,450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38134, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,157 (100%) |
| Owner Occupied HU | 7,571 (46.9%) |
| Renter Occupied HU | 7,725 (47.8%) |
| Vacant Housing Units | 861 ( 5.3%) |
| Median Home Value | $218,505 |
| Average Home Value | $248,940 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
12,041
Multi-Family
3,932
Businesses
1,906
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Listed by: Trent Wischoff • Tyler York Real Estate Brokers
Mls Name: MAAR
Mls Provider:
Mls ID: #10182228
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