1011 Philadelphia StMemphisTN38104
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
Rental property for sale in Memphis at 1011 Philadelphia St, Memphis, TN, 38104 priced at $223,000 pairs $2,117/mo rent with $783/mo cash flow after a $1,091/mo payment. Total monthly income equals $2,117/mo, and annual cash flow comes to $9,391/yr on $73,925 invested. Return on cash invested is 32.61% in year one, and rental yield stands at 11.39% on a $223,000 basis. Equity gained on principal adds $1,439/yr, and 5% annual appreciation accumulates to $61,611 by year five. Five-year ROI measures 170.71% and total cumulative return in cash reaches $126,197. For financing, Ziffy Mortgage’s DSCR program evaluates $2,117/mo property income against a $1,091/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1922
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38104, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,722 (100%) |
| Owner Occupied HU | 4,353 (29.6%) |
| Renter Occupied HU | 8,693 (59.0%) |
| Vacant Housing Units | 1,676 (11.4%) |
| Median Home Value | $394,317 |
| Average Home Value | $423,901 |
Housing Distribution
Address Breakdown
Residential
14,079
Single Family
7,526
Multi-Family
6,553
Businesses
1,259
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices