Top 10 Memphis Zillow Investment Listings Ranked by Cash-on-Cash Return
Ten Memphis rental listings from Zillow ranked by cash-on-cash return. Sub-$150K SFRs and a townhouse with Realy metrics and investor notes.
These ten listings were pulled from Memphis Zillow markets (38107, 38104, 38109, 38114, 38127, 38108, 38134, 38106) and ranked by cash-on-cash return (CoC) using Realy’s Chrome extension, sorted by highest CoC first.
All ten listings show positive CoC under lean assumptions. Sub-$110K SFRs dominate. Large footprint homes with extreme rent-to-price ratios lead. Condition and insurance are modeled at $0, so re-run each deal with local quotes.
This is a screening list, not a buy list.
Calculation Assumptions Used
| Input | Setting |
|---|---|
| Down payment | 20% · Closing 1% · Rate 6.5% · 30Y fixed |
| Property taxes | 2% of sale value |
| Insurance, vacancy, maintenance, HOA | $0 (add your quotes) |
| Rent | Zillow Rent Zestimate |
See cash-on-cash formula and NOI guide.
At-a-Glance Ranking
| # | Address | Price | Beds/Baths | CoC | Cap Rate | Mo. CF | Rent/mo |
|---|---|---|---|---|---|---|---|
| 1 | 1778 Jackson Ave | $109,900 | 5 / 4 | 157.6% | 39.2% | $3,030 | $3,769 |
| 2 | 1920 Oliver Ave | $149,999 | 7 / 3 | 124.1% | 32.1% | $3,259 | $4,267 |
| 3 | 237 W Person Ave | $50,000 | 4 / 2 | 110.8% | 29.3% | $970 | $1,306 |
| 4 | 1602 Vollintine Ave | $60,900 | 4 / 2 | 107.2% | 28.6% | $1,143 | $1,552 |
| 5 | 2729 Fizer Rd | $63,000 | 3 / 2 | 98.7% | 26.8% | $1,088 | $1,512 |
| 6 | 2967 Dalebrook St | $65,000 | 5 / 2 | 92.2% | 25.4% | $1,049 | $1,486 |
| 7 | 2397 Shasta Ave | $52,000 | 3 / 2 | 86.2% | 24.2% | $784 | $1,134 |
| 8 | 1655 Paullus Ave | $59,900 | 3 / 2 | 84.2% | 23.7% | $882 | $1,285 |
| 9 | 1845 Quail Valley Cv #1845 | $70,000 | 3 / 3 | 74.3% | 21.7% | $910 | $1,381 |
| 10 | 1025 Wichita Ave | $100,000 | 6 / 4 | 68.7% | 20.5% | $1,203 | $1,875 |
#1: 1778 Jackson Ave, Memphis TN 38107
Single family · 5 bed / 4 bath · 4,370 sqft · $109,900
| Metric | Value |
|---|---|
| Cash-on-cash | 157.6% |
| Cap rate | 39.2% |
| Monthly cash flow | $3,030 |
| Total cash down | $23,079 |
Why it ranks #1: Sub-$110K ask on a 4,370 sqft five-bed with a $3,769/mo Rent Zestimate.
Investor notes: $90,000 price cut (Jul 21). Tax assessed ~$494K. Extreme rent-to-price usually means heavy condition or data-quality risk. Confirm habitability before treating rent as real. 124 days on market.
#2: 1920 Oliver Ave, Memphis TN 38104
Single family · 7 bed / 3 bath · 2,800 sqft · $149,999
| Metric | Value |
|---|---|
| Cash-on-cash | 124.1% |
| Cap rate | 32.1% |
| Monthly cash flow | $3,259 |
Investor notes: Midtown. Seven beds. Long DOM (~483 days) and a large historical price change in the feed. Confirm whether this runs as a single-family rental or rooming / multi-unit use. Flexible floor plan noted.
#3: 237 W Person Ave, Memphis TN 38109
Single family · 4 bed / 2 bath · 1,368 sqft · $50,000
| Metric | Value |
|---|---|
| Cash-on-cash | 110.8% |
| Cap rate | 29.3% |
| Monthly cash flow | $970 |
Investor notes: Lowest ask on this screen. South Memphis. Confirm condition and comps. 51 days on market.
#4: 1602 Vollintine Ave, Memphis TN 38107
Single family · 4 bed / 2 bath · 1,913 sqft · $60,900
| Metric | Value |
|---|---|
| Cash-on-cash | 107.2% |
| Cap rate | 28.6% |
| Monthly cash flow | $1,143 |
Investor notes: $13,300 price cut (Jul 22). Vollintine / Evergreen edge. Tax assessed ~$153K. Confirm rehab scope. 16 days on market.
#5: 2729 Fizer Rd, Memphis TN 38114
Single family · 3 bed / 2 bath · 1,444 sqft · $63,000
| Metric | Value |
|---|---|
| Cash-on-cash | 98.7% |
| Cap rate | 26.8% |
| Monthly cash flow | $1,088 |
Investor notes: $17,000 price cut (Jul 15). Orange Mound / 38114. 35 days on market. Confirm condition.
#6: 2967 Dalebrook St, Memphis TN 38127
Single family · 5 bed / 2 bath · 1,710 sqft · $65,000
| Metric | Value |
|---|---|
| Cash-on-cash | 92.2% |
| Cap rate | 25.4% |
| Monthly cash flow | $1,049 |
Investor notes: Frayser / 38127. 5 days on market. Five-bed footprint. Confirm rent comps and condition.
#7: 2397 Shasta Ave, Memphis TN 38108
Single family · 3 bed / 2 bath · 962 sqft · $52,000
| Metric | Value |
|---|---|
| Cash-on-cash | 86.2% |
| Cap rate | 24.2% |
| Monthly cash flow | $784 |
Investor notes: $2,900 price cut (Jun 26). Compact three-bed. 134 days on market. Long DOM usually signals condition or comps issues.
#8: 1655 Paullus Ave, Memphis TN 38127
Single family · 3 bed / 2 bath · 1,334 sqft · $59,900
| Metric | Value |
|---|---|
| Cash-on-cash | 84.2% |
| Cap rate | 23.7% |
| Monthly cash flow | $882 |
Investor notes: $10,000 price cut (Jun 25). Frayser again. 54 days on market. Confirm condition.
#9: 1845 Quail Valley Cv #1845, Memphis TN 38134
Townhouse · 3 bed / 3 bath · 1,399 sqft · $70,000
| Metric | Value |
|---|---|
| Cash-on-cash | 74.3% |
| Cap rate | 21.7% |
| Monthly cash flow | $910 |
Investor notes: First townhouse on this screen. $29,000 price cut (May 29). 238 days on market. Confirm HOA and rental rules.
#10: 1025 Wichita Ave, Memphis TN 38106
Single family · 6 bed / 4 bath · 2,624 sqft · $100,000
| Metric | Value |
|---|---|
| Cash-on-cash | 68.7% |
| Cap rate | 20.5% |
| Monthly cash flow | $1,203 |
Investor notes: Six beds / four baths. Long DOM (~338 days). Confirm whether this underwrites as a large SFR or multi-unit use. Tax assessed ~$184K.
Memphis Patterns
| Pattern | Takeaway |
|---|---|
| Extreme rent-to-price | #1 and #2 need condition and rent-comp verification first |
| Sub-$70K mid-pack | Most of #3–#8 are deep-discount SFRs |
| Townhouse outlier | #9 lives or dies on HOA |
| vs. Tennessee state | Compare Tennessee top 10 |
Screen Memphis in Realy
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Related: First rental checklist · Tennessee top 10
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