2044 Corning AveMemphisTN38127
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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 2044 Corning Ave, Memphis, TN, 38127 uses $49,029 cash to close to unlock $702/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $944/mo, and a $724/mo payment keeps the spread at $59/mo. Purchase price stands at $147,900, and rental yield measures 7.66% with $944/mo rent. Return on cash invested shows 21.34% in year one, and 5% annual appreciation builds toward $40,862 over five years. Five-year ROI reaches 110.3% and total cumulative return in cash records $54,079. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $944/mo property income covering a $724/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38127, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,392 (100%) |
| Owner Occupied HU | 6,346 (38.7%) |
| Renter Occupied HU | 8,062 (49.2%) |
| Vacant Housing Units | 1,984 (12.1%) |
| Median Home Value | $78,914 |
| Average Home Value | $157,125 |
Housing Distribution
Address Breakdown
Residential
15,818
Single Family
14,667
Multi-Family
1,151
Businesses
610
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