1889 Pomona AveMemphisTN38116
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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 1889 Pomona Ave, Memphis, TN, 38116 uses $74,588 cash to close to unlock $9,424/yr annual cash flow and $785/mo monthly cash flow. Total monthly income runs $2,132/mo, and a $1,101/mo payment keeps the spread at $785/mo. Purchase price stands at $225,000, and rental yield measures 11.37% with $2,132/mo rent. Return on cash invested shows 32.54% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 170.39% and total cumulative return in cash records $127,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,132/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.40 Acres 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
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