3356 Walnut Grove RdMemphisTN38111
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
Investment property for sale in Memphis at 3356 Walnut Grove Rd, Memphis, TN, 38111 at $319,000 posts ROI 36.29% with $1,443/mo cash flow from $3,467/mo rent. Total monthly income equals $3,467/mo, and annual cash flow records $17,318/yr on $105,749 to close. Return on cash invested measures 36.29% and rental yield reads 13.04% at the current $319,000. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 by year five. Five-year ROI prints 190.89% and total cumulative return in cash totals $201,865.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,467/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
0.57 Acres 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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Listed by: Elizabeth Gant • REMAX Experts
Mls Name: MAAR
Mls Provider:
Mls ID: #10183613
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