Zip Code 38106 — Memphis, TN
🟢STRONG— excellent cash flow marketCap Rate
22.7%
Monthly Cash Flow
+$801
Median Home Price
$58,797
DSCR
3.56
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
- 22.7%
- Cash-on-Cash Return
- 71.1%
- Price-to-Rent Ratio
- 3.4
- 1% Rule
- 2.48%
- Gross Rent Multiplier
- 3.4
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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