2792 E Hickory BlfMemphisTN38128
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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 2792 E Hickory Blf, Memphis, TN, 38128 listed at $107,500 pairs $1,404/mo rent with a $526/mo payment to leave $724/mo cash flow. Total monthly income runs $1,404/mo, and annual cash flow reaches $8,687/yr on $35,636 cash to close. Return on cash invested measures 44.29% in year one, and rental yield registers 15.67% at a $107,500 basis. Equity gained on principal adds $694/yr, and annual property appreciation at 5% supports $29,700 by year five. Five-year ROI tracks 233.75% and total cumulative return in cash totals $83,299. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,404/mo property income relative to a $526/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1984
2,613 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: James C Wachob • Foundation Property Management
Mls Name: MAAR
Mls Provider:
Mls ID: #10201245
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