2252 Devoy 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
Rental property for sale in Memphis at 2252 Devoy Ave, Memphis, TN, 38108 generates $1,005/mo in rent and, after a $612/mo payment, leaves $242/mo in cash flow. Total monthly income is $1,005/mo, and annual cash flow is $2,906/yr on $41,438 invested. Return on cash invested sits at 26.92% in year one, and rental yield is 9.65% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 140.44% and total cumulative return in cash sums $58,193. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,005/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
7,405 sqft 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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Listed by: Tammy Taylor • KAIZEN Realty, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10197874
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