2910 Southern AveMemphisTN38111
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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 2910 Southern Ave, Memphis, TN, 38111 at $169,900 posts ROI 26.69% with $318/mo cash flow from $1,393/mo rent. Total monthly income equals $1,393/mo, and annual cash flow records $3,822/yr on $56,322 to close. Return on cash invested measures 26.69% and rental yield reads 9.84% at the current $169,900. Equity gained on principal adds $1,096/yr, and 5% annual appreciation supports $46,940 by year five. Five-year ROI prints 139.43% and total cumulative return in cash totals $78,530.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,393/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38111, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,908 (100%) |
| Owner Occupied HU | 7,870 (39.5%) |
| Renter Occupied HU | 9,606 (48.3%) |
| Vacant Housing Units | 2,432 (12.2%) |
| Median Home Value | $250,414 |
| Average Home Value | $333,005 |
Housing Distribution
Address Breakdown
Residential
18,972
Single Family
15,015
Multi-Family
3,957
Businesses
1,101
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Listed by: Cortney Lester • Franchise Realty, LLC
Mls Name: MAAR
Mls Provider:
Mls ID: #10184998
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