717 Riverside Dr #401MemphisTN38103
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
Investment property for sale in Memphis at 717 Riverside Dr #401, Memphis, TN, 38103 uses $143,374 cash to close to unlock $13,222/yr annual cash flow and $1,102/mo monthly cash flow. Total monthly income runs $3,691/mo, and a $2,117/mo payment keeps the spread at $1,102/mo. Purchase price stands at $432,500, and rental yield measures 10.24% with $3,691/mo rent. Return on cash invested shows 29.13% in year one, and 5% annual appreciation builds toward $119,492 over five years. Five-year ROI reaches 152.02% and total cumulative return in cash records $217,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,691/mo property income covering a $2,117/mo payment rather than investor’s personal income.
Condo
Built in 2015
1,306 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices