7089 E Foxhill DrMemphisTN38135
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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
Rental property for sale in Memphis at 7089 E Foxhill Dr, Memphis, TN, 38135 generates $1,896/mo in rent and, after a $1,331/mo payment, leaves $268/mo in cash flow. Total monthly income is $1,896/mo, and annual cash flow is $3,217/yr on $90,168 invested. Return on cash invested sits at 23.48% in year one, and rental yield is 8.36% on a $272,000 entry. Equity gained on principal adds $1,755/yr, while 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 121.75% and total cumulative return in cash sums $109,781. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,896/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38135, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,278 (100%) |
| Owner Occupied HU | 8,870 (78.6%) |
| Renter Occupied HU | 2,210 (19.6%) |
| Vacant Housing Units | 198 ( 1.8%) |
| Median Home Value | $320,151 |
| Average Home Value | $334,885 |
Housing Distribution
Address Breakdown
Residential
11,188
Single Family
10,562
Multi-Family
626
Businesses
120
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