304 E Waldorf AveMemphisTN38106
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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 Memphis at 304 E Waldorf Ave, Memphis, TN, 38106 priced at $125,000 pairs $1,135/mo rent with $387/mo cash flow after a $612/mo payment. Total monthly income equals $1,135/mo, and annual cash flow comes to $4,638/yr on $41,438 invested. Return on cash invested is 31.1% in year one, and rental yield stands at 10.9% on a $125,000 basis. Equity gained on principal adds $807/yr, and 5% annual appreciation accumulates to $34,535 by year five. Five-year ROI measures 162.65% and total cumulative return in cash reaches $67,397. For financing, Ziffy Mortgage’s DSCR program evaluates $1,135/mo property income against a $612/mo payment instead of your W2s, 1099s, or Tax returns.
Apartment
Built in 1957
8,015 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38106, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,881 (100%) |
| Owner Occupied HU | 4,231 (38.9%) |
| Renter Occupied HU | 4,926 (45.3%) |
| Vacant Housing Units | 1,724 (15.8%) |
| Median Home Value | $75,504 |
| Average Home Value | $228,853 |
Housing Distribution
Address Breakdown
Residential
9,919
Single Family
9,073
Multi-Family
846
Businesses
707
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