1779 Preston StMemphisTN38106
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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 1779 Preston St, Memphis, TN, 38106 uses $38,089 cash to close to unlock $5,695/yr annual cash flow and $475/mo monthly cash flow. Total monthly income runs $1,162/mo, and a $562/mo payment keeps the spread at $475/mo. Purchase price stands at $114,900, and rental yield measures 12.14% with $1,162/mo rent. Return on cash invested shows 34.86% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 182.8% and total cumulative return in cash records $69,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,162/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in 1949
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38106, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,881 (100%) |
| Owner Occupied HU | 4,231 (38.9%) |
| Renter Occupied HU | 4,926 (45.3%) |
| Vacant Housing Units | 1,724 (15.8%) |
| Median Home Value | $75,504 |
| Average Home Value | $228,853 |
Housing Distribution
Address Breakdown
Residential
9,919
Single Family
9,073
Multi-Family
846
Businesses
707
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Listed by: Haydn Wiseman • Cahltrep Realty, LLC
Mls Name: CWTAR
Mls Provider:
Mls ID: #246979
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