2336 Boyle AveMemphisTN38114
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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 2336 Boyle Ave, Memphis, TN, 38114 priced at $145,000 converts $1,108/mo rent into $240/mo cash flow after a $710/mo obligation. Total monthly income equals $1,108/mo, and annual cash flow totals $2,877/yr on $48,068 invested. Return on cash invested prints 25.89% in year one, and rental yield reads 9.17% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 134.68% and total cumulative return in cash sums $64,736. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,108/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1936
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38114, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,992 (100%) |
| Owner Occupied HU | 4,276 (35.7%) |
| Renter Occupied HU | 5,603 (46.7%) |
| Vacant Housing Units | 2,113 (17.6%) |
| Median Home Value | $87,799 |
| Average Home Value | $198,849 |
Housing Distribution
Address Breakdown
Residential
10,673
Single Family
10,197
Multi-Family
476
Businesses
746
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