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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Memphis at 717 Riverside Dr #207, Memphis, TN, 38103 listed at $385,000 pairs $3,443/mo rent with a $1,884/mo payment to leave $1,139/mo cash flow. Total monthly income runs $3,443/mo, and annual cash flow reaches $13,665/yr on $127,628 cash to close. Return on cash invested measures 30.62% in year one, and rental yield registers 10.73% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 159.99% and total cumulative return in cash totals $204,190. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,443/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38103, Memphis, TN area.
| 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 |
Residential
10,083
Single Family
2,475
Multi-Family
7,608
Businesses
1,352
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Stacey L Berry • Keller Williams
Mls Name: MAAR
Mls ID: #10207758
