Zip Code 38116 — Memphis, TN
🟢STRONG— excellent cash flow marketCap Rate
8.3%
Monthly Cash Flow
+$246
Median Home Price
$158,219
DSCR
1.29
Fair Market Rents
- Studio
- $960/mo
- 1 Bedroom
- $1,070/mo
- 2 Bedroom
- $1,210/mo
- 3 Bedroom
- $1,600/mo
- 4 Bedroom
- $1,860/mo
Investment Metrics
- Cap Rate
- 8.3%
- Cash-on-Cash Return
- 8.1%
- Price-to-Rent Ratio
- 8.2
- 1% Rule
- 1.01%
- Gross Rent Multiplier
- 8.2
- 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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