2489 Redvers AveMemphisTN38127
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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 2489 Redvers Ave, Memphis, TN, 38127 earns $238/mo cash flow from $1,256/mo rent with a $832/mo payment. Total monthly income totals $1,256/mo, and annual cash flow totals $2,861/yr on $56,355 capital. ROI tracks 24.99% on current figures, and rental yield reads 8.87% at a $170,000 purchase. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 over five years. Five-year ROI reaches 129.84% and total cumulative return in cash sums $73,173. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,256/mo property income instead of your personal income.
Single Family
Built in 1996
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38127, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,392 (100%) |
| Owner Occupied HU | 6,346 (38.7%) |
| Renter Occupied HU | 8,062 (49.2%) |
| Vacant Housing Units | 1,984 (12.1%) |
| Median Home Value | $78,914 |
| Average Home Value | $157,125 |
Housing Distribution
Address Breakdown
Residential
15,818
Single Family
14,667
Multi-Family
1,151
Businesses
610
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