County Road 19MemphisTX79245
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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 County Road 19, Memphis, TX, 79245 priced at $346,500 converts $2,385/mo rent into after a $1,696/mo obligation. Total monthly income equals $2,385/mo. Return on cash invested prints 19.08% in year one, and rental yield reads 8.26% against a $346,500 entry. Equity gained on principal adds $2,236/yr, while 5% annual appreciation compiles into $95,732 by year five. Five-year ROI reaches 99.61% and total cumulative return in cash sums $114,415. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,385/mo property income covering a $1,696/mo payment, not borrower’s personal income.
Single Family
Built in N/A
210 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79245, Memphis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,302 (100%) |
| Owner Occupied HU | 714 (54.8%) |
| Renter Occupied HU | 258 (19.8%) |
| Vacant Housing Units | 330 (25.3%) |
| Median Home Value | $85,733 |
| Average Home Value | $118,971 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
928
Multi-Family
0
Businesses
137
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Listed by: Chad Holland • Chad Holland Real Estate
Mls Name: AMMLS
Mls Provider:
Mls ID: #24-9547
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.