1468 May StMemphisTN38108
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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
Rental property for sale in Memphis at 1468 May St, Memphis, TN, 38108 priced at $101,900 converts $1,301/mo rent into $691/mo cash flow after a $499/mo obligation. Total monthly income equals $1,301/mo, and annual cash flow totals $8,289/yr on $33,780 invested. Return on cash invested prints 44.45% in year one, and rental yield reads 15.32% against a $101,900 entry. Equity gained on principal adds $658/yr, while 5% annual appreciation compiles into $28,153 by year five. Five-year ROI reaches 234.21% and total cumulative return in cash sums $79,116. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,301/mo property income covering a $499/mo payment, not borrower’s personal income.
Single Family
Built in 1954
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38108, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,980 (100%) |
| Owner Occupied HU | 2,805 (35.2%) |
| Renter Occupied HU | 3,595 (45.1%) |
| Vacant Housing Units | 1,580 (19.8%) |
| Median Home Value | $62,691 |
| Average Home Value | $168,579 |
Housing Distribution
Address Breakdown
Residential
6,875
Single Family
6,635
Multi-Family
240
Businesses
393
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Listed by: Lloyd Patterson • Patterson & Assoc. Real Estate
Mls Name: MAAR
Mls Provider:
Mls ID: #10175749
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