1023 Forrest AveMemphisTN38105
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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 1023 Forrest Ave, Memphis, TN, 38105 offers a 9.15% rental yield on a $350,000 purchase with $2,669/mo rent. Total monthly income registers $2,669/mo, and a $1,713/mo payment leaves $574/mo available for distribution. Annual cash flow reaches $6,887/yr on $116,025 to close, and return on cash invested stands at 25.84% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 134.39% and total cumulative return in cash at $155,930. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,669/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38105, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,041 (100%) |
| Owner Occupied HU | 465 (11.5%) |
| Renter Occupied HU | 2,968 (73.4%) |
| Vacant Housing Units | 608 (15.0%) |
| Median Home Value | $102,911 |
| Average Home Value | $186,490 |
Housing Distribution
Address Breakdown
Residential
3,460
Single Family
1,612
Multi-Family
1,848
Businesses
256
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