1318 Glenn StMemphisTN38106
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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 1318 Glenn St, Memphis, TN, 38106 with 5% annual appreciation on a $119,900 basis while $898/mo rent supports operations. Total monthly income totals $898/mo and a $587/mo payment preserves $180/mo for cash returns. Annual cash flow comes to $2,161/yr on $39,747 deployed, and return on cash invested reaches 25.35% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,126 alongside rental yield of 8.99%. Five-year ROI measures 131.84% and total cumulative return in cash totals $52,404.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $898/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
6,534 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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