2982 Shannon AveMemphisTN38108
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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 2982 Shannon Ave, Memphis, TN, 38108 listed at $134,900 pairs $968/mo rent with a $660/mo payment to leave $161/mo cash flow. Total monthly income runs $968/mo, and annual cash flow reaches $1,929/yr on $44,719 cash to close. Return on cash invested measures 24.22% in year one, and rental yield registers 8.61% at a $134,900 basis. Equity gained on principal adds $870/yr, and annual property appreciation at 5% supports $37,270 by year five. Five-year ROI tracks 125.73% and total cumulative return in cash totals $56,225. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $968/mo property income relative to a $660/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1958
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38108, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,980 (100%) |
| Owner Occupied HU | 2,805 (35.2%) |
| Renter Occupied HU | 3,595 (45.1%) |
| Vacant Housing Units | 1,580 (19.8%) |
| Median Home Value | $62,691 |
| Average Home Value | $168,579 |
Housing Distribution
Address Breakdown
Residential
6,875
Single Family
6,635
Multi-Family
240
Businesses
393
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