1240 Ethel StMemphisTN38114
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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 1240 Ethel St, Memphis, TN, 38114 uses $46,410 cash to close to unlock $8,222/yr annual cash flow and $685/mo monthly cash flow. Total monthly income runs $1,523/mo, and a $685/mo payment keeps the spread at $685/mo. Purchase price stands at $139,999, and rental yield measures 13.05% with $1,523/mo rent. Return on cash invested shows 37.63% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 197.67% and total cumulative return in cash records $91,738. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,523/mo property income covering a $685/mo payment rather than investor’s personal income.
Multi Family
Built in 2013
5,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38114, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,992 (100%) |
| Owner Occupied HU | 4,276 (35.7%) |
| Renter Occupied HU | 5,603 (46.7%) |
| Vacant Housing Units | 2,113 (17.6%) |
| Median Home Value | $87,799 |
| Average Home Value | $198,849 |
Housing Distribution
Address Breakdown
Residential
10,673
Single Family
10,197
Multi-Family
476
Businesses
746
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