5655 Myers RdMemphisTN38115
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 5655 Myers Rd, Memphis, TN, 38115 generates $1,352/mo in rent and, after a $905/mo payment, leaves $245/mo in cash flow. Total monthly income is $1,352/mo, and annual cash flow is $2,940/yr on $61,328 invested. Return on cash invested sits at 24.7% in year one, and rental yield is 8.77% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 128.34% and total cumulative return in cash sums $78,711. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,352/mo property income rather than buyer’s personal income.
Multi Family
Built in 1974
6,660 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices