1245 Quinn AveMemphisTN38106
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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 1245 Quinn Ave, Memphis, TN, 38106 uses $41,438 cash to close to unlock $2,682/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $972/mo, and a $612/mo payment keeps the spread at $224/mo. Purchase price stands at $125,000, and rental yield measures 9.33% with $972/mo rent. Return on cash invested shows 26.38% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 137.34% and total cumulative return in cash records $56,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $972/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1948
5,227 sqft 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
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