Zip Code 38118 — Memphis, TN
🟢STRONG— excellent cash flow marketCap Rate
10.4%
Monthly Cash Flow
+$416
Median Home Price
$125,683
DSCR
1.62
🏠 Fair Market Rents
- Studio
- $930/mo
- 1 Bedroom
- $1,030/mo
- 2 Bedroom
- $1,170/mo
- 3 Bedroom
- $1,540/mo
- 4 Bedroom
- $1,800/mo
📊 Investment Metrics
- Cap Rate
- 10.4%
- Cash-on-Cash Return
- 17.3%
- Price-to-Rent Ratio
- 6.8
- 1% Rule
- 1.23%
- Gross Rent Multiplier
- 6.8
- Vacancy Rate
- 8.0%
📋 Assumptions Used
20% down payment, 7.000000000000001% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
Customize these numbers in the calculator →