717 Riverside Dr #109MemphisTN38103
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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
Investment property for sale in Memphis at 717 Riverside Dr #109, Memphis, TN, 38103 earns $247/mo cash flow from $3,773/mo rent with a $2,883/mo payment. Total monthly income totals $3,773/mo, and annual cash flow totals $2,964/yr on $193,781 capital. ROI tracks 21.59% on current figures, and rental yield reads 7.69% at a $589,000 purchase. Equity gained on principal adds $3,801/yr, and 5% annual appreciation supports $162,730 over five years. Five-year ROI reaches 111.58% and total cumulative return in cash sums $216,218. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,773/mo property income instead of your personal income.
Condo
Built in 2007
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38103, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,124 (100%) |
| Owner Occupied HU | 2,373 (23.4%) |
| Renter Occupied HU | 6,505 (64.3%) |
| Vacant Housing Units | 1,246 (12.3%) |
| Median Home Value | $427,630 |
| Average Home Value | $459,256 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
2,475
Multi-Family
7,608
Businesses
1,352
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