1002 W Cleveland StMemphisTX79245
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Memphis at 1002 W Cleveland St, Memphis, TX, 79245 at $150,500 posts ROI 29.08% with $381/mo cash flow from $1,452/mo rent. Total monthly income equals $1,452/mo, and annual cash flow records $4,577/yr on $49,891 to close. Return on cash invested measures 29.08% and rental yield reads 11.58% at the current $150,500. Equity gained on principal adds $971/yr, and 5% annual appreciation supports $41,580 by year five. Five-year ROI prints 153.3% and total cumulative return in cash totals $76,483.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,452/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79245, Memphis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,302 (100%) |
| Owner Occupied HU | 714 (54.8%) |
| Renter Occupied HU | 258 (19.8%) |
| Vacant Housing Units | 330 (25.3%) |
| Median Home Value | $85,733 |
| Average Home Value | $118,971 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
928
Multi-Family
0
Businesses
137
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Camie Holland • Chad Holland Real Estate
Mls Name: AMMLS
Mls Provider:
Mls ID: #25-1537
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.