2109 Felix 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
Investment property for sale in Memphis at 2109 Felix Ave, Memphis, TN, 38104 listed at $235,000 pairs $1,713/mo rent with a $1,150/mo payment to leave $306/mo cash flow. Total monthly income runs $1,713/mo, and annual cash flow reaches $3,678/yr on $77,903 cash to close. Return on cash invested measures 24.63% in year one, and rental yield registers 8.75% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 127.92% and total cumulative return in cash totals $99,652. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,713/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
6,534 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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