1572 Hanauer StMemphisTN38109
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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 1572 Hanauer St, Memphis, TN, 38109 priced at $605,000 converts $1,064/mo rent into after a $2,961/mo obligation. Total monthly income equals $1,064/mo. Return on cash invested prints 4.64% in year one, and rental yield reads 2.11% against a $605,000 entry. Equity gained on principal adds $3,904/yr, while 5% annual appreciation compiles into $167,150 by year five. Five-year ROI reaches 20.68% and total cumulative return in cash sums $41,158. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,064/mo property income covering a $2,961/mo payment, not borrower’s personal income.
Multi Family
Built in 1952
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38109, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,972 (100%) |
| Owner Occupied HU | 9,547 (53.1%) |
| Renter Occupied HU | 6,898 (38.4%) |
| Vacant Housing Units | 1,527 ( 8.5%) |
| Median Home Value | $88,739 |
| Average Home Value | $184,766 |
Housing Distribution
Address Breakdown
Residential
17,406
Single Family
16,796
Multi-Family
610
Businesses
700
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