1116 Poplar Ave APT 3MemphisTN38105
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 1116 Poplar Ave APT 3, Memphis, TN, 38105 in Memphis is straightforward: $184,900 in, $1,416/mo in rent, $309/mo out after debt service. The 9.19% gross yield and 1.70 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $51,084 by year five. With $1,703/yr in principal equity, the total cumulative return is projected at $89,924.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 9.2% |
| Monthly Cash Flow | $309 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,416 |
| Total Monthly Debt Service | $1,033 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1923
2,134 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
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
Condo
Built in 1923
2,134 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices