2615 Juneway DrMemphisTN38134
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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 2615 Juneway Dr, Memphis, TN, 38134 earns $691/mo cash flow from $2,540/mo rent with a $1,512/mo payment. Total monthly income totals $2,540/mo, and annual cash flow totals $8,288/yr on $102,434 capital. ROI tracks 28% on current figures, and rental yield reads 9.86% at a $309,000 purchase. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 over five years. Five-year ROI reaches 145.97% and total cumulative return in cash sums $149,525. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,540/mo property income instead of your personal income.
Single Family
Built in 1961
1.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38134, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,157 (100%) |
| Owner Occupied HU | 7,571 (46.9%) |
| Renter Occupied HU | 7,725 (47.8%) |
| Vacant Housing Units | 861 ( 5.3%) |
| Median Home Value | $218,505 |
| Average Home Value | $248,940 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
12,041
Multi-Family
3,932
Businesses
1,906
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