1308 W Main StMemphisTX79245
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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 1308 W Main St, Memphis, TX, 79245 earns $67/mo cash flow from $778/mo rent with a $489/mo payment. Total monthly income totals $778/mo, and annual cash flow totals $808/yr on $33,150 capital. ROI tracks 22.35% on current figures, and rental yield reads 9.34% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 117.22% and total cumulative return in cash sums $38,860. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $778/mo property income instead of your personal income.
Single Family
Built in 1965
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 79245, Memphis, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,302 (100%) |
| Owner Occupied HU | 714 (54.8%) |
| Renter Occupied HU | 258 (19.8%) |
| Vacant Housing Units | 330 (25.3%) |
| Median Home Value | $85,733 |
| Average Home Value | $118,971 |
Housing Distribution
Address Breakdown
Residential
928
Single Family
928
Multi-Family
0
Businesses
137
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No similar rental properties found nearby.
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