1202 Middle Ct APT 101MemphisTN38119
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1202 Middle Ct APT 101, Memphis, TN, 38119 in Memphis at $114,900 earns $876/mo in rent and nets $188/mo after the $517/mo payment, a 9.15% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $31,745 over five years. Ziffy Mortgage underwrites this on a 1.69 DSCR without U.S. credit history. With $1,058/yr in principal paydown, total projected return reaches $55,574.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 9.2% |
| Monthly Cash Flow | $188 | $450 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $876 |
| Total Monthly Debt Service | $642 |
| DSCR Ratio | 1.36x |
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 1975
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38119, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,218 (100%) |
| Owner Occupied HU | 5,837 (52.0%) |
| Renter Occupied HU | 4,727 (42.1%) |
| Vacant Housing Units | 654 ( 5.8%) |
| Median Home Value | $363,311 |
| Average Home Value | $399,235 |
Housing Distribution
Address Breakdown
Residential
11,329
Single Family
8,319
Multi-Family
3,010
Businesses
1,112
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 1975
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38119, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,218 (100%) |
| Owner Occupied HU | 5,837 (52.0%) |
| Renter Occupied HU | 4,727 (42.1%) |
| Vacant Housing Units | 654 ( 5.8%) |
| Median Home Value | $363,311 |
| Average Home Value | $399,235 |
Housing Distribution
Address Breakdown
Residential
11,329
Single Family
8,319
Multi-Family
3,010
Businesses
1,112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices