3853 Range Line RdMemphisTN38127
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 3853 Range Line Rd, Memphis, TN, 38127 offers $1,369/mo rent that, after a $661/mo payment, leaves $553/mo cash flow. Total monthly income is $1,369/mo, and annual cash flow is $6,641/yr on $44,753 cash. Return on cash invested measures 34.75% in year one, and rental yield stands at 12.17% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 182.31% and total cumulative return in cash reaches $81,589. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,369/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38127, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,392 (100%) |
| Owner Occupied HU | 6,346 (38.7%) |
| Renter Occupied HU | 8,062 (49.2%) |
| Vacant Housing Units | 1,984 (12.1%) |
| Median Home Value | $78,914 |
| Average Home Value | $157,125 |
Housing Distribution
Address Breakdown
Residential
15,818
Single Family
14,667
Multi-Family
1,151
Businesses
610
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Listed by: Leana Holcomb • John Green & Co., REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10194685
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