1785 Homedale AveMemphisTN38116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1785 Homedale Ave, Memphis, TN, 38116 uses $42,797 cash to close to unlock $14,658/yr annual cash flow and $1,222/mo monthly cash flow. Total monthly income runs $2,070/mo, and a $632/mo payment keeps the spread at $1,222/mo. Purchase price stands at $129,100, and rental yield measures 19.24% with $2,070/mo rent. Return on cash invested shows 54.16% in year one, and 5% annual appreciation builds toward $35,668 over five years. Five-year ROI reaches 287.03% and total cumulative return in cash records $122,840. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,070/mo property income covering a $632/mo payment rather than investor’s personal income.
Single Family
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38116, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,089 (100%) |
| Owner Occupied HU | 6,844 (40.0%) |
| Renter Occupied HU | 8,230 (48.2%) |
| Vacant Housing Units | 2,015 (11.8%) |
| Median Home Value | $160,790 |
| Average Home Value | $215,596 |
Housing Distribution
Address Breakdown
Residential
15,434
Single Family
12,488
Multi-Family
2,946
Businesses
1,411
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices