247 S Greer StMemphisTN38111
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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 247 S Greer St, Memphis, TN, 38111 at $459,900 posts ROI 34.33% with $1,832/mo cash flow from $4,585/mo rent. Total monthly income equals $4,585/mo, and annual cash flow records $21,983/yr on $152,457 to close. Return on cash invested measures 34.33% and rental yield reads 11.96% at the current $459,900. Equity gained on principal adds $2,968/yr, and 5% annual appreciation supports $127,062 by year five. Five-year ROI prints 179.88% and total cumulative return in cash totals $274,242.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,585/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38111, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,908 (100%) |
| Owner Occupied HU | 7,870 (39.5%) |
| Renter Occupied HU | 9,606 (48.3%) |
| Vacant Housing Units | 2,432 (12.2%) |
| Median Home Value | $250,414 |
| Average Home Value | $333,005 |
Housing Distribution
Address Breakdown
Residential
18,972
Single Family
15,015
Multi-Family
3,957
Businesses
1,101
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