2007 Young AveMemphisTN38104
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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 2007 Young Ave, Memphis, TN, 38104 generates $2,753/mo in rent and, after a $1,703/mo payment, leaves $670/mo in cash flow. Total monthly income is $2,753/mo, and annual cash flow is $8,041/yr on $115,362 invested. Return on cash invested sits at 26.88% in year one, and rental yield is 9.49% on a $348,000 entry. Equity gained on principal adds $2,246/yr, while 5% annual appreciation builds toward $96,146 over five years. Five-year ROI reaches 139.98% and total cumulative return in cash sums $161,482. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,753/mo property income rather than buyer’s personal income.
Single Family
Built in 1912
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38104, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,722 (100%) |
| Owner Occupied HU | 4,353 (29.6%) |
| Renter Occupied HU | 8,693 (59.0%) |
| Vacant Housing Units | 1,676 (11.4%) |
| Median Home Value | $394,317 |
| Average Home Value | $423,901 |
Housing Distribution
Address Breakdown
Residential
14,079
Single Family
7,526
Multi-Family
6,553
Businesses
1,259
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