3121 S Glengarry RdMemphisTN38128
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
Investment Highlights
Rental property for sale in Memphis at 3121 S Glengarry Rd, Memphis, TN, 38128 generates $1,751/mo in rent and, after a $1,223/mo payment, leaves $255/mo in cash flow. Total monthly income is $1,751/mo, and annual cash flow is $3,062/yr on $82,842 invested. Return on cash invested sits at 23.61% in year one, and rental yield is 8.41% on a $249,901 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 122.43% and total cumulative return in cash sums $101,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,751/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38128, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,537 (100%) |
| Owner Occupied HU | 6,819 (38.9%) |
| Renter Occupied HU | 8,973 (51.2%) |
| Vacant Housing Units | 1,745 ( 10.0%) |
| Median Home Value | $154,922 |
| Average Home Value | $220,726 |
Housing Distribution
Address Breakdown
Residential
17,338
Single Family
14,147
Multi-Family
3,191
Businesses
794
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices