1039 Lagrange AveMemphisTN38107
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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 1039 Lagrange Ave, Memphis, TN, 38107 uses $58,013 cash to close to unlock $4,212/yr annual cash flow and $351/mo monthly cash flow. Total monthly income runs $1,399/mo, and a $857/mo payment keeps the spread at $351/mo. Purchase price stands at $175,000, and rental yield measures 9.59% with $1,399/mo rent. Return on cash invested shows 27.17% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 141.5% and total cumulative return in cash records $82,087. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,399/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1922
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38107, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,248 (100%) |
| Owner Occupied HU | 2,844 (34.5%) |
| Renter Occupied HU | 4,131 (50.1%) |
| Vacant Housing Units | 1,273 (15.4%) |
| Median Home Value | $209,201 |
| Average Home Value | $238,142 |
Housing Distribution
Address Breakdown
Residential
7,036
Single Family
5,819
Multi-Family
1,217
Businesses
338
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