11335 Latting RdEadsTN38028
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 Eads at 11335 Latting Rd, Eads, TN, 38028 uses $38,786 cash to close to unlock $25,851/yr annual cash flow and $2,154/mo monthly cash flow. Total monthly income runs $2,855/mo, and a $573/mo payment keeps the spread at $2,154/mo. Purchase price stands at $117,000, and rental yield measures 29.28% with $2,855/mo rent. Return on cash invested shows 86.56% in year one, and 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 460.07% and total cumulative return in cash records $178,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,855/mo property income covering a $573/mo payment rather than investor’s personal income.
Lot
Built in N/A
2.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38028, Eads, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,894 (100%) |
| Owner Occupied HU | 2,463 (85.1%) |
| Renter Occupied HU | 278 ( 9.6%) |
| Vacant Housing Units | 153 ( 5.3%) |
| Median Home Value | $493,316 |
| Average Home Value | $536,169 |
Housing Distribution
Address Breakdown
Residential
2,925
Single Family
2,925
Multi-Family
0
Businesses
144
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anna Palazola • Crye-Leike, Inc., REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10173303
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright 2024 Memphis Area Association of REALTORS.