1071 N McNeil StMemphisTN38107
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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 1071 N McNeil St, Memphis, TN, 38107 earns $150/mo cash flow from $753/mo rent with a $489/mo payment. Total monthly income totals $753/mo, and annual cash flow totals $1,802/yr on $33,150 capital. ROI tracks 25.35% on current figures, and rental yield reads 9.04% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 131.92% and total cumulative return in cash sums $43,732. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $753/mo property income instead of your personal income.
Single Family
Built in 1955
7,405 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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Listed by: Clarence Perry • Perry Realty Co.
Mls Name: MAAR
Mls Provider:
Mls ID: #10190254
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