3086 Altruria RdMemphisTN38134
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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 3086 Altruria Rd, Memphis, TN, 38134 listed at $217,000 pairs $1,878/mo rent with a $1,062/mo payment to leave $515/mo cash flow. Total monthly income runs $1,878/mo, and annual cash flow reaches $6,183/yr on $71,936 cash to close. Return on cash invested measures 28.5% in year one, and rental yield registers 10.39% at a $217,000 basis. Equity gained on principal adds $1,400/yr, and annual property appreciation at 5% supports $59,953 by year five. Five-year ROI tracks 149.11% and total cumulative return in cash totals $107,261. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,878/mo property income relative to a $1,062/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38134, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,157 (100%) |
| Owner Occupied HU | 7,571 (46.9%) |
| Renter Occupied HU | 7,725 (47.8%) |
| Vacant Housing Units | 861 ( 5.3%) |
| Median Home Value | $218,505 |
| Average Home Value | $248,940 |
Housing Distribution
Address Breakdown
Residential
15,973
Single Family
12,041
Multi-Family
3,932
Businesses
1,906
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Listed by: Katrina Smith • Keller Williams
Mls Name: MAAR
Mls Provider:
Mls ID: #10193338
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