3725 Wax Myrtle DrMemphisTN38115
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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 3725 Wax Myrtle Dr, Memphis, TN, 38115 earns $186/mo cash flow from $833/mo rent with a $529/mo payment. Total monthly income totals $833/mo, and annual cash flow totals $2,233/yr on $35,802 capital. ROI tracks 26.15% on current figures, and rental yield reads 9.26% at a $108,000 purchase. Equity gained on principal adds $697/yr, and 5% annual appreciation supports $29,838 over five years. Five-year ROI reaches 136.17% and total cumulative return in cash sums $48,752. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $833/mo property income instead of your personal income.
Single Family
Built in 1985
2,613 sqft 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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