2518 Bassfield DrMemphisTN38133
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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 2518 Bassfield Dr, Memphis, TN, 38133 uses $82,875 cash to close to unlock $2,233/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $1,683/mo, and a $1,224/mo payment keeps the spread at $186/mo. Purchase price stands at $249,999, and rental yield measures 8.08% with $1,683/mo rent. Return on cash invested shows 22.6% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 117.08% and total cumulative return in cash records $97,030. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,683/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1993
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38133, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,103 (100%) |
| Owner Occupied HU | 5,807 (71.7%) |
| Renter Occupied HU | 2,108 (26.0%) |
| Vacant Housing Units | 188 ( 2.3%) |
| Median Home Value | $298,353 |
| Average Home Value | $325,325 |
Housing Distribution
Address Breakdown
Residential
8,323
Single Family
7,685
Multi-Family
638
Businesses
1,301
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