1116 Poplar Ave APT 3MemphisTN38105
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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 1116 Poplar Ave APT 3, Memphis, TN, 38105 earns $309/mo cash flow from $1,416/mo rent with a $905/mo payment. Total monthly income totals $1,416/mo, and annual cash flow totals $3,710/yr on $61,294 capital. ROI tracks 25.96% on current figures, and rental yield reads 9.19% at a $184,900 purchase. Equity gained on principal adds $1,193/yr, and 5% annual appreciation supports $51,084 over five years. Five-year ROI reaches 135.12% and total cumulative return in cash sums $82,819. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,416/mo property income instead of your personal income.
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
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