962 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
Rental property for sale in Memphis at 962 E Riverwalk Dr, Memphis, TN, 38120 generates $3,583/mo in rent and, after a $2,623/mo payment, leaves $375/mo in cash flow. Total monthly income is $3,583/mo, and annual cash flow is $4,500/yr on $176,311 invested. Return on cash invested sits at 22.61% in year one, and rental yield is 8.02% on a $535,900 entry. Equity gained on principal adds $3,458/yr, while 5% annual appreciation builds toward $148,059 over five years. Five-year ROI reaches 117.03% and total cumulative return in cash sums $206,339. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,583/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
7,405 sqft lot
$N/A/sqft
No 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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