1431 Latham 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 1431 Latham St, Memphis, TN, 38106 earns from $1,160/mo rent with a $1,003/mo payment. Total monthly income totals $1,160/mo. ROI tracks 18.73% on current figures, and rental yield reads 6.79% at a $204,900 purchase. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 over five years. Five-year ROI reaches 96.32% and total cumulative return in cash sums $65,422. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,160/mo property income instead of your personal income.
Multi Family
Built in 1966
7,250 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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