3592 Kendrick RdMemphisTN38108
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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 3592 Kendrick Rd, Memphis, TN, 38108 uses $48,498 cash to close to unlock $2,835/yr annual cash flow and $236/mo monthly cash flow. Total monthly income runs $1,112/mo, and a $716/mo payment keeps the spread at $236/mo. Purchase price stands at $146,300, and rental yield measures 9.12% with $1,112/mo rent. Return on cash invested shows 25.76% in year one, and 5% annual appreciation builds toward $40,420 over five years. Five-year ROI reaches 134% and total cumulative return in cash records $64,988. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,112/mo property income covering a $716/mo payment rather than investor’s personal income.
Single Family
Built in 1945
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38108, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,980 (100%) |
| Owner Occupied HU | 2,805 (35.2%) |
| Renter Occupied HU | 3,595 (45.1%) |
| Vacant Housing Units | 1,580 (19.8%) |
| Median Home Value | $62,691 |
| Average Home Value | $168,579 |
Housing Distribution
Address Breakdown
Residential
6,875
Single Family
6,635
Multi-Family
240
Businesses
393
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