1258 Forrest AveMemphisTN38104
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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
Rental property for sale in Memphis at 1258 Forrest Ave, Memphis, TN, 38104 priced at $219,999 pairs $1,756/mo rent with $429/mo cash flow after a $1,077/mo payment. Total monthly income equals $1,756/mo, and annual cash flow comes to $5,147/yr on $72,930 invested. Return on cash invested is 26.97% in year one, and rental yield stands at 9.58% on a $219,999 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 140.47% and total cumulative return in cash reaches $102,443. For financing, Ziffy Mortgage’s DSCR program evaluates $1,756/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1922
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38104, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,722 (100%) |
| Owner Occupied HU | 4,353 (29.6%) |
| Renter Occupied HU | 8,693 (59.0%) |
| Vacant Housing Units | 1,676 (11.4%) |
| Median Home Value | $394,317 |
| Average Home Value | $423,901 |
Housing Distribution
Address Breakdown
Residential
14,079
Single Family
7,526
Multi-Family
6,553
Businesses
1,259
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Listed by: Jonathan Minerick • homecoin.com
Mls Name: MAAR
Mls Provider:
Mls ID: #10193284
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