2054 Slate RdMemphisTN38116
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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 2054 Slate Rd, Memphis, TN, 38116 listed at $189,900 pairs $1,727/mo rent with a $929/mo payment to leave $591/mo cash flow. Total monthly income runs $1,727/mo, and annual cash flow reaches $7,088/yr on $62,952 cash to close. Return on cash invested measures 31.17% in year one, and rental yield registers 10.91% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 162.97% and total cumulative return in cash totals $102,593. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,727/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
9,583 sqft 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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