304 N Dunlap StMemphisTN38105
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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 N Dunlap St, Memphis, TN, 38105 priced at $1,600,000 pairs $1,018/mo rent with after a $7,831/mo payment. Total monthly income equals $1,018/mo. Return on cash invested is 0.56% in year one, and rental yield stands at 0.76% on a $1,600,000 basis. Equity gained on principal adds $10,325/yr, and 5% annual appreciation accumulates to $442,051 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $1,018/mo property income against a $7,831/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1956
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38105, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,041 (100%) |
| Owner Occupied HU | 465 (11.5%) |
| Renter Occupied HU | 2,968 (73.4%) |
| Vacant Housing Units | 608 (15.0%) |
| Median Home Value | $102,911 |
| Average Home Value | $186,490 |
Housing Distribution
Address Breakdown
Residential
3,460
Single Family
1,612
Multi-Family
1,848
Businesses
256
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