685 S Perkins RdMemphisTN38117
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 685 S Perkins Rd, Memphis, TN, 38117 in Memphis hard to pass up. The 10.69% gross yield on a $347,500 purchase results in $3,095/mo in rent and $1,015/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.98). Annual cash flow of $12,175, five-year appreciation of $96,008, and $3,201/yr in equity build-up combine for a projected total cumulative return of $196,742.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 9.2% |
| Monthly Cash Flow | $1,015 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,095 |
| Total Monthly Debt Service | $1,942 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
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
Single Family
Built in 1959
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices