2116 Howell AveMemphisTN38108
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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 2116 Howell Ave, Memphis, TN, 38108 with 5% annual appreciation on a $900,000 basis while $1,069/mo rent supports operations. 56% in year one. Equity gained on principal adds $5,808/yr, and five-year appreciation sums $248,653 alongside rental yield of 1.43%. Five-year ROI measures 9.5% and total cumulative return in cash totals $28,128. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,069/mo property income versus a $4,405/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38108, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,980 (100%) |
| Owner Occupied HU | 2,805 (35.2%) |
| Renter Occupied HU | 3,595 (45.1%) |
| Vacant Housing Units | 1,580 (19.8%) |
| Median Home Value | $62,691 |
| Average Home Value | $168,579 |
Housing Distribution
Address Breakdown
Residential
6,875
Single Family
6,635
Multi-Family
240
Businesses
393
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