2800 Spring Hill DrMemphisTN38127
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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 2800 Spring Hill Dr, Memphis, TN, 38127 listed at $215,000 pairs $1,406/mo rent with a $1,052/mo payment to leave $119/mo cash flow. Total monthly income runs $1,406/mo, and annual cash flow reaches $1,431/yr on $71,273 cash to close. Return on cash invested measures 21.92% in year one, and rental yield registers 7.85% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 113.38% and total cumulative return in cash totals $80,809. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,406/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
10,454 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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Listed by: Marcus Boles • Epique Realty
Mls Name: MAAR
Mls Provider:
Mls ID: #10213402
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