3104 Kingsgate AveMemphisTN38118
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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 3104 Kingsgate Ave, Memphis, TN, 38118 at $135,000 posts ROI 25.82% with $221/mo cash flow from $1,029/mo rent. Total monthly income equals $1,029/mo, and annual cash flow records $2,648/yr on $44,753 to close. Return on cash invested measures 25.82% and rental yield reads 9.15% at the current $135,000. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 by year five. Five-year ROI prints 134.34% and total cumulative return in cash totals $60,121.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,029/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1963
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38118, Memphis, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,833 (100%) |
| Owner Occupied HU | 5,678 (35.9%) |
| Renter Occupied HU | 7,816 (49.4%) |
| Vacant Housing Units | 2,339 (14.8%) |
| Median Home Value | $93,910 |
| Average Home Value | $193,602 |
Housing Distribution
Address Breakdown
Residential
14,981
Single Family
12,533
Multi-Family
2,448
Businesses
2,044
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