109 N Main St APT 1507MemphisTN38103
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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 109 N Main St APT 1507, Memphis, TN, 38103 uses $38,786 cash to close to unlock $2,271/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $890/mo, and a $573/mo payment keeps the spread at $189/mo. Purchase price stands at $117,000, and rental yield measures 9.13% with $890/mo rent. Return on cash invested shows 25.77% in year one, and 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 134.06% and total cumulative return in cash records $51,997. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $890/mo property income covering a $573/mo payment rather than investor’s personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38103, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,124 (100%) |
| Owner Occupied HU | 2,373 (23.4%) |
| Renter Occupied HU | 6,505 (64.3%) |
| Vacant Housing Units | 1,246 (12.3%) |
| Median Home Value | $427,630 |
| Average Home Value | $459,256 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
2,475
Multi-Family
7,608
Businesses
1,352
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