1783 Danville RdMemphisTN38117
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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 1783 Danville Rd, Memphis, TN, 38117 uses $49,692 cash to close to unlock $2,812/yr annual cash flow and $234/mo monthly cash flow. Total monthly income runs $1,132/mo, and a $734/mo payment keeps the spread at $234/mo. Purchase price stands at $149,900, and rental yield measures 9.06% with $1,132/mo rent. Return on cash invested shows 25.57% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 133.01% and total cumulative return in cash records $66,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,132/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38117, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,290 (100%) |
| Owner Occupied HU | 8,645 (70.3%) |
| Renter Occupied HU | 3,084 (25.1%) |
| Vacant Housing Units | 561 ( 4.6%) |
| Median Home Value | $385,345 |
| Average Home Value | $441,483 |
Housing Distribution
Address Breakdown
Residential
12,406
Single Family
11,457
Multi-Family
949
Businesses
1,133
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