239 Angelus StMemphisTN38112
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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 239 Angelus St, Memphis, TN, 38112 priced at $331,300 converts $2,623/mo rent into $480/mo cash flow after a $1,622/mo obligation. Total monthly income equals $2,623/mo, and annual cash flow totals $5,757/yr on $109,826 invested. Return on cash invested prints 25.15% in year one, and rental yield reads 9.5% against a $331,300 entry. Equity gained on principal adds $2,138/yr, while 5% annual appreciation compiles into $91,532 by year five. Five-year ROI reaches 131.32% and total cumulative return in cash sums $144,227. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,623/mo property income covering a $1,622/mo payment, not borrower’s personal income.
Single Family
Built in 1922
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38112, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,403 (100%) |
| Owner Occupied HU | 3,067 (36.5%) |
| Renter Occupied HU | 3,988 (47.5%) |
| Vacant Housing Units | 1,348 (16.0%) |
| Median Home Value | $268,994 |
| Average Home Value | $310,390 |
Housing Distribution
Address Breakdown
Residential
7,468
Single Family
6,245
Multi-Family
1,223
Businesses
653
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