190 E Fernwood AveMemphisTN38109
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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 190 E Fernwood Ave, Memphis, TN, 38109 priced at $134,900 pairs $1,017/mo rent with $210/mo cash flow after a $660/mo payment. Total monthly income equals $1,017/mo, and annual cash flow comes to $2,517/yr on $44,719 invested. Return on cash invested is 25.54% in year one, and rental yield stands at 9.05% on a $134,900 basis. Equity gained on principal adds $870/yr, and 5% annual appreciation accumulates to $37,270 by year five. Five-year ROI measures 132.79% and total cumulative return in cash reaches $59,381. For financing, Ziffy Mortgage’s DSCR program evaluates $1,017/mo property income against a $660/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38109, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,972 (100%) |
| Owner Occupied HU | 9,547 (53.1%) |
| Renter Occupied HU | 6,898 (38.4%) |
| Vacant Housing Units | 1,527 ( 8.5%) |
| Median Home Value | $88,739 |
| Average Home Value | $184,766 |
Housing Distribution
Address Breakdown
Residential
17,406
Single Family
16,796
Multi-Family
610
Businesses
700
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