2879 Bannockburn RdMemphisTN38128
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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 2879 Bannockburn Rd, Memphis, TN, 38128 uses $64,941 cash to close to unlock $3,854/yr annual cash flow and $321/mo monthly cash flow. Total monthly income runs $1,494/mo, and a $959/mo payment keeps the spread at $321/mo. Purchase price stands at $195,900, and rental yield measures 9.15% with $1,494/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $54,124 over five years. Five-year ROI reaches 134.44% and total cumulative return in cash records $87,305. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,494/mo property income covering a $959/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.28 Acres 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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