1578 N Parkway AveMemphisTN38112
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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 1578 N Parkway Ave, Memphis, TN, 38112 earns from $2,270/mo rent with a $2,474/mo payment. Total monthly income totals $2,270/mo. ROI tracks 14.61% on current figures, and rental yield reads 5.39% at a $505,555 purchase. Equity gained on principal adds $3,262/yr, and 5% annual appreciation supports $139,676 over five years. Five-year ROI reaches 74.13% and total cumulative return in cash sums $123,300. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,270/mo property income instead of your personal income.
Home Type Unknown
Built in N/A
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38112, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,403 (100%) |
| Owner Occupied HU | 3,067 (36.5%) |
| Renter Occupied HU | 3,988 (47.5%) |
| Vacant Housing Units | 1,348 (16.0%) |
| Median Home Value | $268,994 |
| Average Home Value | $310,390 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,245
Multi-Family
1,223
Businesses
653
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