1206 James StMemphisTN38106
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 Memphis at 1206 James St, Memphis, TN, 38106 uses $53,504 cash to close to unlock $11,014/yr annual cash flow and $918/mo monthly cash flow. Total monthly income runs $1,884/mo, and a $790/mo payment keeps the spread at $918/mo. Purchase price stands at $161,400, and rental yield measures 14.01% with $1,884/mo rent. Return on cash invested shows 40.49% in year one, and 5% annual appreciation builds toward $44,592 over five years. Five-year ROI reaches 212.97% and total cumulative return in cash records $113,949. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,884/mo property income covering a $790/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38106, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,881 (100%) |
| Owner Occupied HU | 4,231 (38.9%) |
| Renter Occupied HU | 4,926 (45.3%) |
| Vacant Housing Units | 1,724 (15.8%) |
| Median Home Value | $75,504 |
| Average Home Value | $228,853 |
Housing Distribution
Address Breakdown
Residential
9,919
Single Family
9,073
Multi-Family
846
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices