2283 Young 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 2283 Young Ave, Memphis, TN, 38104 listed at $779,900 pairs $2,519/mo rent with a $3,817/mo payment. Total monthly income runs $2,519/mo. Return on cash invested measures 7.78% in year one, and rental yield registers 3.88% at a $779,900 basis. Equity gained on principal adds $5,033/yr, and annual property appreciation at 5% supports $215,472 by year five. Five-year ROI tracks 38.32% and total cumulative return in cash totals $98,313. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,519/mo property income relative to a $3,817/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2023
4,356 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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Listed by: Corey Steinberg • River City Land Co., LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10194730
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