18 N 2nd StMemphisTN38103
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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
Rental property for sale in Memphis at 18 N 2nd St, Memphis, TN, 38103 priced at $900,000 pairs $2,990/mo rent with after a $4,405/mo payment. Total monthly income equals $2,990/mo. Return on cash invested is 10.34% in year one, and rental yield stands at 3.99% on a $900,000 basis. Equity gained on principal adds $5,808/yr, and 5% annual appreciation accumulates to $248,653 by year five. Five-year ROI measures 51.25% and total cumulative return in cash reaches $151,752. For financing, Ziffy Mortgage’s DSCR program evaluates $2,990/mo property income against a $4,405/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1903
3,675 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38103, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,124 (100%) |
| Owner Occupied HU | 2,373 (23.4%) |
| Renter Occupied HU | 6,505 (64.3%) |
| Vacant Housing Units | 1,246 (12.3%) |
| Median Home Value | $427,630 |
| Average Home Value | $459,256 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
2,475
Multi-Family
7,608
Businesses
1,352
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