2277 Union Ave APT 103MemphisTN38104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2277 Union Ave APT 103, Memphis, TN, 38104 earns $676/mo cash flow from $2,173/mo rent with a $1,224/mo payment. Total monthly income totals $2,173/mo, and annual cash flow totals $8,113/yr on $82,875 capital. ROI tracks 29.7% on current figures, and rental yield reads 10.43% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 155.13% and total cumulative return in cash sums $128,566. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,173/mo property income instead of your personal income.
Condo
Built in 1962
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices