1067 Paul PlMemphisTN38117
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 1067 Paul Pl, Memphis, TN, 38117 uses $87,848 cash to close to unlock $7,461/yr annual cash flow and $622/mo monthly cash flow. Total monthly income runs $2,208/mo, and a $1,297/mo payment keeps the spread at $622/mo. Purchase price stands at $265,000, and rental yield measures 10% with $2,208/mo rent. Return on cash invested shows 28.4% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 148.12% and total cumulative return in cash records $130,119. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,208/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1957
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices