296 E Poplar AveColliervilleTN38017
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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
Rental property for sale in Collierville at 296 E Poplar Ave, Collierville, TN, 38017 priced at $362,000 pairs $2,678/mo rent with $511/mo cash flow after a $1,772/mo payment. Total monthly income equals $2,678/mo, and annual cash flow comes to $6,130/yr on $120,003 invested. Return on cash invested is 25.02% in year one, and rental yield stands at 8.88% on a $362,000 basis. Equity gained on principal adds $2,336/yr, and 5% annual appreciation accumulates to $100,014 by year five. Five-year ROI measures 129.97% and total cumulative return in cash reaches $155,965. For financing, Ziffy Mortgage’s DSCR program evaluates $2,678/mo property income against a $1,772/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38017, Collierville, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,367 (100%) |
| Owner Occupied HU | 16,144 (75.6%) |
| Renter Occupied HU | 4,404 (20.6%) |
| Vacant Housing Units | 819 ( 3.8%) |
| Median Home Value | $469,255 |
| Average Home Value | $509,344 |
Housing Distribution
Address Breakdown
Residential
21,646
Single Family
19,614
Multi-Family
2,032
Businesses
1,288
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Listed by: N/A • N/A
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Mls ID: #N/A