2608 Bay Pointe Cir EMemphisTN38128
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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 2608 Bay Pointe Cir E, Memphis, TN, 38128 with 5% annual appreciation on a $180,000 basis while $1,681/mo rent supports operations. Total monthly income totals $1,681/mo and a $881/mo payment preserves $580/mo for cash returns. Annual cash flow comes to $6,956/yr on $59,670 deployed, and return on cash invested reaches 31.57% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 11.21%. Five-year ROI measures 165.3% and total cumulative return in cash totals $98,633.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,681/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38128, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,537 (100%) |
| Owner Occupied HU | 6,819 (38.9%) |
| Renter Occupied HU | 8,973 (51.2%) |
| Vacant Housing Units | 1,745 ( 10.0%) |
| Median Home Value | $154,922 |
| Average Home Value | $220,726 |
Housing Distribution
Address Breakdown
Residential
17,338
Single Family
14,147
Multi-Family
3,191
Businesses
794
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Listed by: Angela Cage • Harris & Harris Realty Group,
Mls Name: MAAR
Mls Provider:
Mls ID: #10194475
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