1867 Waverly AveMemphisTN38114
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 1867 Waverly Ave, Memphis, TN, 38114 at $233,900 posts ROI 21.37% with $95/mo cash flow from $1,495/mo rent. Total monthly income equals $1,495/mo, and annual cash flow records $1,136/yr on $77,538 to close. Return on cash invested measures 21.37% and rental yield reads 7.67% at the current $233,900. Equity gained on principal adds $1,509/yr, and 5% annual appreciation supports $64,622 by year five. Five-year ROI prints 110.45% and total cumulative return in cash totals $85,639.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,495/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38114, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,992 (100%) |
| Owner Occupied HU | 4,276 (35.7%) |
| Renter Occupied HU | 5,603 (46.7%) |
| Vacant Housing Units | 2,113 (17.6%) |
| Median Home Value | $87,799 |
| Average Home Value | $198,849 |
Housing Distribution
Address Breakdown
Residential
10,673
Single Family
10,197
Multi-Family
476
Businesses
746
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Oksana Piven • BEST Real Estate Company
Mls Name: MAAR
Mls Provider:
Mls ID: #10171087
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some or all of the listings displayed may not belong to the firm whose website is being visited. Copyright 2024 Memphis Area Association of REALTORS.