7420 Iris CvMemphisTN38125
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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 7420 Iris Cv, Memphis, TN, 38125 uses $106,743 cash to close to unlock $25,338/yr annual cash flow and $2,111/mo monthly cash flow. Total monthly income runs $4,039/mo, and a $1,576/mo payment keeps the spread at $2,111/mo. Purchase price stands at $322,000, and rental yield measures 15.05% with $4,039/mo rent. Return on cash invested shows 43.65% in year one, and 5% annual appreciation builds toward $88,963 over five years. Five-year ROI reaches 229.88% and total cumulative return in cash records $245,383. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,039/mo property income covering a $1,576/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38125, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,108 (100%) |
| Owner Occupied HU | 9,571 (55.9%) |
| Renter Occupied HU | 6,771 (39.6%) |
| Vacant Housing Units | 766 ( 4.5%) |
| Median Home Value | $282,027 |
| Average Home Value | $334,954 |
Housing Distribution
Address Breakdown
Residential
17,486
Single Family
11,626
Multi-Family
5,860
Businesses
712
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