1737 Harbert AveMemphisTN38104
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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
Total monthly income runs $2,953/mo, and a $2,912/mo payment. Purchase price stands at $595,000, and rental yield measures 5.96% with $2,953/mo rent. Return on cash invested shows 14.1% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 72.2% and total cumulative return in cash records $141,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,953/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Single Family
Built in 1852
0.45 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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Listed by: Fontaine T Albritton • Crye-Leike, Inc., REALTORS
Mls Name: MAAR
Mls Provider:
Mls ID: #10200339
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