385 Walker AveMemphisTN38126
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 385 Walker Ave, Memphis, TN, 38126 priced at $145,000 pairs $1,298/mo rent with $430/mo cash flow after a $710/mo payment. Total monthly income equals $1,298/mo, and annual cash flow comes to $5,157/yr on $48,068 invested. Return on cash invested is 30.64% in year one, and rental yield stands at 10.74% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 160.09% and total cumulative return in cash reaches $76,952. For financing, Ziffy Mortgage’s DSCR program evaluates $1,298/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38126, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,552 (100%) |
| Owner Occupied HU | 401 (11.3%) |
| Renter Occupied HU | 2,881 (81.1%) |
| Vacant Housing Units | 270 ( 7.6%) |
| Median Home Value | $111,167 |
| Average Home Value | $220,224 |
Housing Distribution
Address Breakdown
Residential
3,228
Single Family
2,247
Multi-Family
981
Businesses
292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices