158 N Willett StMemphisTN38104
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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 158 N Willett St, Memphis, TN, 38104 priced at $480,000 converts $3,062/mo rent into $189/mo cash flow after a $2,349/mo obligation. Total monthly income equals $3,062/mo, and annual cash flow totals $2,268/yr on $159,120 invested. Return on cash invested prints 21.33% in year one, and rental yield reads 7.66% against a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 110.21% and total cumulative return in cash sums $175,361. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,062/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38104, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,722 (100%) |
| Owner Occupied HU | 4,353 (29.6%) |
| Renter Occupied HU | 8,693 (59.0%) |
| Vacant Housing Units | 1,676 (11.4%) |
| Median Home Value | $394,317 |
| Average Home Value | $423,901 |
Housing Distribution
Address Breakdown
Residential
14,079
Single Family
7,526
Multi-Family
6,553
Businesses
1,259
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