1279 Eason AveMemphisTN38116
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 1279 Eason Ave, Memphis, TN, 38116 earns $523/mo cash flow from $1,619/mo rent with a $896/mo payment. Total monthly income totals $1,619/mo, and annual cash flow totals $6,279/yr on $60,665 capital. ROI tracks 30.26% on current figures, and rental yield reads 10.62% at a $183,000 purchase. Equity gained on principal adds $1,181/yr, and 5% annual appreciation supports $50,560 over five years. Five-year ROI reaches 158.15% and total cumulative return in cash sums $95,939. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,619/mo property income instead of your personal income.
Single Family
Built in 1966
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38116, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,089 (100%) |
| Owner Occupied HU | 6,844 (40.0%) |
| Renter Occupied HU | 8,230 (48.2%) |
| Vacant Housing Units | 2,015 (11.8%) |
| Median Home Value | $160,790 |
| Average Home Value | $215,596 |
Housing Distribution
Address Breakdown
Residential
15,434
Single Family
12,488
Multi-Family
2,946
Businesses
1,411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices