DSCR Property Research — Memphis TN

10 Potential DSCR Investment Properties

Sourced from Zillow · May 30, 2026 · 847 active listings in target range

Down Payment
25%
Interest Rate
6.5% (30yr)
Property Tax Rate
~$6.58/$100
Assessed Value
25% of appraised
Insurance Est.
$100/mo
DSCR Target
1.25+ preferred
⭐ Top Picks
1
1136 Goodman St, Memphis, TN 38111
38111 · Midtown/East Memphis · Near Medical Center & U of M
$109,900
TOP PICK
Beds / Baths
3 bd / 2 ba
Sq Ft
1,404 sqft
Down (25%)
$27,475
Loan Amount
$82,425
P+I / mo
$521
Tax + Ins / mo
$251
PITIA / mo
$772
Est. Market Rent
$1,100–$1,250
DSCR at $1,100 rent
1.42 → 1.55 at $1,200 rent
Best neighborhood on the list. 38111 is Midtown-adjacent — stable employment base (Med Center, U of M, St. Jude research corridor). Confirmed rental listing on Apartments.com for this address at $995/mo — actual achievable rent likely higher. Lowest down payment of any quality pick at $27,475.
View on Zillow ↗
2
4191 Yale Rd, Memphis, TN 38128
38128 · Raleigh / North Memphis
$114,900
STRONG
Beds / Baths
3 bd / 2 ba
Sq Ft
1,486 sqft
Down (25%)
$28,725
Loan Amount
$86,175
P+I / mo
$545
Tax + Ins / mo
$258
PITIA / mo
$803
Est. Market Rent
$1,050–$1,200
DSCR at $1,050 rent
1.31 → 1.49 at $1,200 rent
38128 Raleigh area — working class neighborhood, solid rental demand. 1,486 sqft is good size for the price. Do block-level research before committing.
3
3944 Timberwood Dr, Memphis, TN 38128
38128 · Raleigh / North Memphis
$109,900
STRONG
Beds / Baths
3 bd / 2 ba
Sq Ft
1,108 sqft
Down (25%)
$27,475
Loan Amount
$82,425
P+I / mo
$521
Tax + Ins / mo
$251
PITIA / mo
$772
Est. Market Rent
$1,000–$1,150
DSCR at $1,000 rent
1.30 → 1.49 at $1,150 rent
Smallest sqft on the list but very clean DSCR math. Timberwood Dr is a Raleigh subdivision — research the specific block. Tagged "Comfortable one-level living" on Zillow.
4
3530 Naylor Dr, Memphis, TN 38128
38128 · Raleigh / North Memphis
$124,900
STRONG
Beds / Baths
3 bd / 2 ba
Sq Ft
1,456 sqft
Down (25%)
$31,225
Loan Amount
$93,675
P+I / mo
$592
Tax + Ins / mo
$271
PITIA / mo
$863
Est. Market Rent
$1,050–$1,200
DSCR at $1,050 rent
1.22 → 1.39 at $1,200 rent
Comparable Naylor Dr properties show 3bd/1.5-2ba consistently. Good size for the price point. Apartments.com has an active rental listing for this exact address.
5
1890 Pennel Rd, Memphis, TN 38116
38116 · Whitehaven / South Memphis
$124,900
STRONG
Beds / Baths
3 bd / 3 ba
Sq Ft
1,504 sqft
Down (25%)
$31,225
Loan Amount
$93,675
P+I / mo
$592
Tax + Ins / mo
$271
PITIA / mo
$863
Est. Market Rent
$1,100–$1,250
DSCR at $1,100 rent
1.27 → 1.45 at $1,250 rent
3 full baths is a plus for attracting tenants. Whitehaven (Graceland area) — a mixed neighborhood that requires research by street. Strong DSCR math if rent holds.
6
1403 Old Hickory Rd, Memphis, TN 38116
38116 · Whitehaven / South Memphis
$144,900
STRONG
Beds / Baths
3 bd / 3 ba
Sq Ft
2,141 sqft
Down (25%)
$36,225
Loan Amount
$108,675
P+I / mo
$687
Tax + Ins / mo
$299
PITIA / mo
$986
Est. Market Rent
$1,200–$1,400
DSCR at $1,200 rent
1.22 → 1.42 at $1,400 rent
Largest property on the list at 2,141 sqft — highest rent potential. 3 baths at this size could command $1,350-1,500 in right condition. Largest down payment of the strong picks ($36,225).
7
2015 E Holmes Rd, Memphis, TN 38116
38116 · Whitehaven / South Memphis
$129,900
STRONG
Beds / Baths
3 bd / 2 ba
Sq Ft
1,557 sqft
Down (25%)
$32,475
Loan Amount
$97,425
P+I / mo
$616
Tax + Ins / mo
$278
PITIA / mo
$894
Est. Market Rent
$1,050–$1,200
DSCR at $1,050 rent
1.17 → 1.34 at $1,200 rent
Tagged "Functional layout" on Zillow. Listed 23 hours ago as of search — fresh to market. E Holmes Rd is a main Whitehaven corridor. Verify condition before pursuing.
⚠️ Needs Research
8
645 Parkrose Rd, Memphis, TN 38109
38109 · Westwood — verify block before committing
$89,900
HIGH RATIO / HIGH RISK
Beds / Baths
3+ bd
Down (25%)
$22,475
PITIA / mo
$649
Est. Market Rent
$900–$1,050
DSCR at $900 rent
1.39 → 1.62 at $1,050 rent
Best DSCR ratio on the list. Lowest entry cost. BUT 38109 (Westwood) includes some challenged blocks — do Google Street View + local PM consult before committing. If the block checks out, this is the best cash-on-cash return.
9
670 Whiterock Ave, Memphis, TN 38109
38109 · Westwood — verify block before committing
$129,900
CAUTION
Beds / Baths
3+ bd
Down (25%)
$32,475
PITIA / mo
$894
Est. Market Rent
$950–$1,100
DSCR at $950 rent
1.06 → 1.23 at $1,100 rent
DSCR is tight unless rent achieves $1,100+. Same neighborhood caution as #8 — 38109 requires block-level research. At $1,100 rent it works; at $950 it barely clears 1.0.
❌ Skip

Next Steps
1. Start with #1 (1136 Goodman St) — best neighborhood + best DSCR math + lowest down payment among quality picks
2. Get a Memphis PM on the phone — verify actual achievable rents and vacancy rates for each zip code
3. Google Street View every address — block-level condition matters enormously in Memphis
4. Pull Shelby County property tax records — verify assessed value matches purchase price assumption
5. Run DSCR with actual lender pricing — rates may vary from 6.5% assumption. Even 0.25% change moves DSCR 0.05–0.08