Zip Code 38105 — Memphis, TN
🟢STRONG— excellent cash flow marketCap Rate
10.8%
Monthly Cash Flow
+$426
Median Home Price
$114,493
DSCR
1.70
Fair Market Rents
- Studio
- $880/mo
- 1 Bedroom
- $980/mo
- 2 Bedroom
- $1,110/mo
- 3 Bedroom
- $1,460/mo
- 4 Bedroom
- $1,710/mo
Investment Metrics
- Cap Rate
- 10.8%
- Cash-on-Cash Return
- 19.4%
- Price-to-Rent Ratio
- 6.5
- 1% Rule
- 1.28%
- Gross Rent Multiplier
- 6.5
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
Customize these numbers in the calculator →