1692 Carruthers PlMemphisTN38112
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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 1692 Carruthers Pl, Memphis, TN, 38112 listed at $391,600 pairs $3,348/mo rent with a $1,917/mo payment to leave $693/mo cash flow. Total monthly income runs $3,348/mo, and annual cash flow reaches $8,318/yr on $129,815 cash to close. Return on cash invested measures 26.32% in year one, and rental yield registers 10.26% at a $391,600 basis. Equity gained on principal adds $2,527/yr, and annual property appreciation at 5% supports $108,192 by year five. Five-year ROI tracks 138% and total cumulative return in cash totals $179,143. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,348/mo property income relative to a $1,917/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
8,363 sqft 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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