3099 Mon Cheri LnMemphisTN38119
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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 3099 Mon Cheri Ln, Memphis, TN, 38119 offers $3,580/mo rent that, after a $1,383/mo payment, leaves $1,660/mo cash flow. Total monthly income is $3,580/mo, and annual cash flow is $19,923/yr on $93,649 cash. Return on cash invested measures 41.18% in year one, and rental yield stands at 15.21% at a $282,500 entry. Equity gained on principal adds $1,823/yr while 5% annual appreciation compounds into $78,050 by year five. Five-year ROI records 217.75% and total cumulative return in cash reaches $203,918. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,580/mo property income versus a $1,383/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.35 Acres lot
$N/A/sqft
$8 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38119, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,218 (100%) |
| Owner Occupied HU | 5,837 (52.0%) |
| Renter Occupied HU | 4,727 (42.1%) |
| Vacant Housing Units | 654 ( 5.8%) |
| Median Home Value | $363,311 |
| Average Home Value | $399,235 |
Housing Distribution
Address Breakdown
Residential
11,329
Single Family
8,319
Multi-Family
3,010
Businesses
1,112
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