3462 Fox Meadows RdMemphisTN38115
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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 3462 Fox Meadows Rd, Memphis, TN, 38115 uses $74,588 cash to close to unlock $3,196/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,613/mo, and a $1,101/mo payment keeps the spread at $266/mo. Purchase price stands at $225,000, and rental yield measures 8.6% with $1,613/mo rent. Return on cash invested shows 24.19% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 125.58% and total cumulative return in cash records $93,669. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,613/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1971
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38115, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,923 (100%) |
| Owner Occupied HU | 4,106 (21.7%) |
| Renter Occupied HU | 12,401 (65.5%) |
| Vacant Housing Units | 2,416 (12.8%) |
| Median Home Value | $136,945 |
| Average Home Value | $184,253 |
Housing Distribution
Address Breakdown
Residential
17,801
Single Family
8,422
Multi-Family
9,379
Businesses
1,536
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