929 E Riverwalk DrMemphisTN38120
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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 929 E Riverwalk Dr, Memphis, TN, 38120 listed at $677,499 pairs $4,792/mo rent with a $3,316/mo payment to leave $250/mo cash flow. Total monthly income runs $4,792/mo, and annual cash flow reaches $3,004/yr on $222,897 cash to close. Return on cash invested measures 21.41% in year one, and rental yield registers 8.49% at a $677,499 basis. Equity gained on principal adds $4,372/yr, and annual property appreciation at 5% supports $187,180 by year five. Five-year ROI tracks 111.54% and total cumulative return in cash totals $248,611. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,792/mo property income relative to a $3,316/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1992
N/A lot
$N/A/sqft
$2,892 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38120, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,963 (100%) |
| Owner Occupied HU | 4,534 (65.1%) |
| Renter Occupied HU | 2,045 (29.4%) |
| Vacant Housing Units | 384 ( 5.5%) |
| Median Home Value | $441,589 |
| Average Home Value | $589,319 |
Housing Distribution
Address Breakdown
Residential
6,690
Single Family
5,180
Multi-Family
1,510
Businesses
472
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Listed by: Alta Simpson • Marx-Bensdorf, REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10197407
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